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ARTICLE · 15 MARCH 2022

Summary Of Sanctions Imposed On Russia This Week (March 11, 2022)

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Kelley Drye & Warren LLP

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It has been almost three weeks since the U.S. and its allies began imposing serious new sanctions and export control restrictions on Russia and Belarus in response to Russia's invasion of Ukraine.

GlobalInternational Law
Robert Slack
Robert Slack
Eric McClafferty
Eric McClafferty
Julia Kuelzow
Julia Kuelzow
Terry Frederic
Terry Frederic
Greg Rohling
Greg Rohling

It has been almost three weeks since the U.S. and its allies began imposing serious new sanctions and export control restrictions on Russia and Belarus in response to Russia's invasion of Ukraine. This post summarizes the state of affairs as of Friday, March 11, 2022.

Please reach out to our team if you have any questions about these or future developments.

Current Status & What's New

The current sanctions measures still do not amount to a full embargo on Russia, and Russia has not been cut off fully from the global financial system. As a result, certain types of international trade with Russia remain permissible for U.S., EU, and other western companies. Cross-border payments also remain possible for certain types of transactions.

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