The United States, the European Union, and the United Kingdom recently imposed new sanctions
on Russia to coincide with the one-year anniversary of Russia's
invasion of Ukraine, a measure that the European Union described as
its "10th package of sanctions against Russia" to
date.
So, one year in, after 10 rounds of sanctions against Russia,
where do things stand? Here are five key points for companies to
consider:
1. For any remaining business with or
involving Russia, it is imperative to manage compliance
carefully.
Although Russia has been described as "the most sanctioned country in the
world," this is not exactly accurate, as there remains a
range (arguably, a substantial range) of business with Russia that
is permissible. For companies engaged in such business, it is of
paramount importance to manage the various vectors of
Russia-related risk, including sweeping export controls, sanctions
on Russia's financial system, and the web of
multijurisdictional
