It happened in an instant. Almost overnight Russia, the world's eleventh-largest economy, was transformed from an important player in global financial markets

Die erhebliche Ausweitung der US-Sanktionen gegen Russland stürzt viele deutsche und europäische Unternehmen in ein Dilemma. Auf der einen Seite haben die Sanktionen extraterritoriale Wirkung.

As the EU negotiates a 17thsanctions package on Russia, it is considering ways to insulate some €260 billion of immobilized Russian sovereign assets under its control as a form of leverage in negotiations.

The Department of the Treasury's Office of Foreign Assets Control (OFAC) recently updated its sanctions regulations with respect to several countries...

Nearly two years into the Russian Federation's internationally condemned invasion of Ukraine, the war shows no signs of ending soon. The same holds true for the economic sanctions imposed by many Western countries...

Last year, we published an update on BIS's foray into prohibiting EAR99 items for export to Russia and Belarus. We noted (somewhat in jest) that kitchen sinks may one day be added.

In its recent business advisory, dated 23 February 2024, the United States Government warns businesses and individuals of serious legal, financial, and reputational risks entailed in maintaining operations in Russia.

Sanctions imposed on Russia because of the military conflict with the Ukraine are designed to stifle Russian economy. They do that to an extent. In some cases however they have undesirable...

The Bureau of Industry and Security (BIS) issued new guidance to prevent the diversion of controlled items to Russia. This guidance recommends the use of the Trade Integrity Project (TIP) database, which tracks...

Following a 50 day trial in the Commercial Court in the Russian Aircraft Lessor Policy Claims, on 11 June 2025, Mr Justice Butcher handed down judgment, ruling in favour of the Claimant lessors...

In response to the sanctions imposed by the United States and its allies (including foreign states and international organizations) Russia has adopted several counter-measures to protect the national interests of Russia ...

Foreign sanctions, including secondary US sanctions that are aimed at non-US companies doing business with Russia, are forcing many international companies to carefully evaluate and restructure ...

On April 6, 2022, President Biden issued a new Executive Order, "Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression" (the "April 6 EO").

Ongoing hostilities in Ukraine and expansion of Western sanctions and Russian "counter-sanctions" measures have made it virtually impossible for non-Russian companies...

Yesterday, the European Union implemented its eighth round of sanctions on Russia in response to Russia's claimed annexation of Ukrainian territory.

On 23 October 2025, the Council of the European Union adopted its 19th sanctions package, comprising 69 new listings and multiple economic restrictions in response to Russia's escalating aggression against Ukraine.

On March 3, 2022, the U.S. Department of Commerce's Bureau of Industry and Security ("BIS"), the U.S. Department of Justice ("DOJ"), and the U.S. Department of the Treasury's Office of Foreign Assets Control...

As Russia's military aggression against Ukraine continues, the European Union (EU) has maintained its commitment to increasing economic and legal pressure on Russia.

On April 28, 2014, the United States and the European Union announced a fourth expansion of sanctions in response to events in southern and eastern Ukraine.

Over the last two weeks, the United States, European Union, and allied countries imposed a broad range of sanctions and export control restrictions on Russia and Belarus in response to Russia's invasion of Ukraine.