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ARTICLE · 06 MARCH 2023

US, EU, And UK Announce Wide-Ranging Additional Sanctions And Export Controls Targeting Russian War Efforts, In Coordination With Broader G-7 Commitments

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On February 24, 2023, the one-year anniversary of Russia's invasion of Ukraine, G7 leaders committed "to strengthening the unprecedented and coordinated sanctions...

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On February 24, 2023, the one-year anniversary of Russia's invasion of Ukraine, G7 leaders committed "to strengthening the unprecedented and coordinated sanctions and other economic measures the G7 and partner countries have taken to date to further counter Russia's capacity to wage its illegal aggression," including establishment of a joint Enforcement Coordination Mechanism.1 To implement these commitments, the United States ("US"), European Union ("EU"), and United Kingdom ("UK") announced a series of new economic sanctions and export controls targeting Russia and Belarus.

We provide below an update on these new measures adopted by the US, EU, and UK. The new measures include significant expansions on the range of goods subject to export controls and restrictions, further designations of entities and individuals, as well as a number of additional areas of prohibited activities.

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