On November 8, OFAC designated a total of four individuals and 10 entities under its CAATSA-related authorities in connection with Russia's annexation of Crimea and ongoing activities in Ukraine.

The Executive Order comes into effect on the day of its official publication and remains in effect until the special economic and other measures established thereunder are cancelled.

In response to the fact that the majority of foreign companies have decided to withdraw from the Russian market, the Government has implemented various restrictions on operations...

On 18 December 2023, the EU adopted its 12th sanctions package against Russia, imposing additional import and export bans and measures to combat circumvention.

Due to the far reaching scope of application and prohibitions of EU and US embargoes and sanctions law, multinational businesses in many situations have no other choice than to require that their Russian subsidiaries comply with Sanctions.

Major suppliers of foreign goods often establish a subsidiary in Russia for the purposes of purchasing and importing foreign goods into the RF in order to re-sell them on the Russian market.

The European Union has adopted its 17th package of sanctions against Russia, intensifying efforts to restrict Moscow's ability to finance and sustain its war in Ukraine.

If implemented in its current form, the Draft Law could have profound negative ramifications for business operations of U.S. and European companies in Russia.

Following the third anniversary of Russia's invasion of Ukraine, we examine the European Union's most recently implemented sanctions packages against Russia...

Die Antwort Russlands auf die letzten US-Sanktionen befindet sich immer noch im Entwicklungsstadium.

By the Decree of the President of the Russian Federation No. 305 dated 29 June 2016 the period of effectiveness of the special economic measures was extended from 6 August 2016 through 31 December 2017.

The UK's Office of Financial Sanctions Implementation ("OFSI") has imposed a monetary penalty of £465,000 against a multinational law firm's Russian office (the "Russian Office")...

Russia's response to the latest US sanctions is still in the process of being formed.

Aufgrund des weitreichenden Geltungsbereichs der Verbote der EU- und US-Sanktionen haben multinationale Konzerne in vielen Situationen auf der einen Seite keine andere Wahl, als ihre russischen Tochtergesellschaften anzuhalten, die Sanktionen einzuhalten.

On 22 November 2024, the European Commission (the "Commission") issued new frequently asked questions (FAQs) regarding the interpretation of the "Best Efforts" obligation in Article 8a of Council Regulation (EU).

On 21 July 2022, the Council of the European Union (the "Council") adopted new restrictive measures against Russia that complement those adopted up until 3 June 2022.

On December 22, 2023, President Biden signed a new Executive Order containing the latest round of sanctions against the Russian Federation. Shortly thereafter, Treasury Secretary Janet Yellen stated that the Office of Foreign Assets Control will take "decisive" and "surgical" action.

As Russia's war against Ukraine enters its fourth year, the Council of the European Union (the "Council") unanimously adopted its 16th sanctions package on 24 February 2025.

The UK has introduced sweeping changes to its sanctions framework through new Russia-related designations and comprehensive legislative amendments affecting multiple regimes. These developments include expanded end-use controls, revised licensing grounds, and updated reporting thresholds that fundamentally alter compliance obligations for businesses operating in sanctioned sectors.

On 18 December 2023, the Council of the EU adopted its twelfth package of restrictive measures against Russia, which supplements those discussed in our previous newsflashes_.