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ARTICLE · 22 MARCH 2023

U.S. Announces Additional Russian Sanctions, Controls, And Tariffs

The stated goal of these actions is to "hold Russia accountable" for its invasion of Ukraine. Importantly, these actions are taken in conjunction with U.S. G7 allies and partners.

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Coinciding with the first anniversary of the Russian invasion of Ukraine, the United States has imposed additional sanctions and restrictions on exports to Russia and duties on imports of certain articles from Russia into the United States. The stated goal of these actions is to "hold Russia accountable" for its invasion of Ukraine. Importantly, these actions are taken in conjunction with U.S. G7 allies and partners.

On the sanctions and controls side, the Departments of Treasury and State are implementing wide-ranging sanctions against Russian revenue-generating sectors, as well as third-party actors in Europe, Asia, and the Middle East. The Department of Commerce is also imposing additional export restrictions on Russian and third-party companies for supporting Russia's defense sector. The White House has indicated that nearly 90 companies have been added to the Entity List.

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