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ARTICLE · 08 MARCH 2022

New US, UK And EU Sanctions Against Russia

Mayer Brown
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In the 24 hours since Russia's announcement that it will recognize the independence of two regions in Ukraine, the United States ("US"), European Union ("EU") and United Kingdom...

GlobalInternational Law
Tamer A. Soliman
Tamer A. Soliman
Jason Hungerford
Jason Hungerford
Ori Lev
Ori Lev
Yoshihide Ito
Yoshihide Ito
Jing Zhang
Jing Zhang
Andrew Olmem
Andrew Olmem
Gretel Echarte Morales
Gretel Echarte Morales
Anjani D. Nadadur
Anjani D. Nadadur
Libby Reynolds
Libby Reynolds
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In the 24 hours since Russia's announcement that it will recognize the independence of two regions in Ukraine, the United States ("US"), European Union ("EU") and United Kingdom ("UK") have taken initial actions in response that have significant implications for businesses. The initial round of sanctions include restrictions targeting certain Russian financial institutions, individuals closely tied to the Kremlin, Russian sovereign debt, and territorial restrictions against the two affected regions in Ukraine. While it remains to be seen how Russia will respond, we expect other jurisdictions to follow suit, and the US, EU and UK have signaled a resolve to impose additional and more restrictive measures in response to further Russian actions they view as destabilizing Ukraine.

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