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ARTICLE · 26 JUNE 2024

U.S. Imposes New Sanctions And Export Controls Against Russia

A&O Shearman
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On June 12, 2024, the U.S. Department of Treasury (Treasury), U.S. Department of State (State), and U.S. Department of Commerce (Commerce) announced another round of sanctions and export controls targeting Russia.

GlobalInternational Law
A&O Shearman
A&O Shearman
Jake Ely
Jake Ely
Brendan Holman
Brendan Holman
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On June 12, 2024, the U.S. Department of Treasury (Treasury), U.S. Department of State (State), and U.S. Department of Commerce (Commerce) announced another round of sanctions and export controls targeting Russia. In this alert, we provide an overview of these measures and key takeaways.

Additional blocking sanctions

Treasury and State imposed blocking sanctions on over 300 individuals and entities both inside and outside Russia, including in Asia, the Middle East, Europe, Africa, Central Asia, and the Caribbean. These sanctions target:

  • Russia's financial infrastructure, including the Moscow Exchange (MOEX) and its subsidiaries;
  • individuals, entities, and networks engaged in sanctions evasion, circumvention, and backfill (e.g., those that help facilitate Russia's acquisition of technology and equipment from abroad);

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