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In this mini-series, we discuss the recent sanctions measures implemented in the U.S., E.U., and U.K. as a response to the crisis in Ukraine. In this episode, Jonathan Cross, Susannah Cogman, and Brittany Crosby-Banyai focus on the recent sanctions measures that impact Russian investments. Read more
Updates from March 19, 2022 through April 12, 2022 Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed. We have published a number of recent updates regarding sanctions measures that have been proposed and enacted in several jurisdictions as a response to the crisis in Ukraine. These … Read more
In the United States government’s latest response to the crisis in Ukraine, it imposed broad new investment and services restrictions pursuant to a new executive order, new sectoral restrictions, and the designation of a substantial number of additional individuals and entities on OFAC’s Specially Designated Nationals and Blocked Persons (“SDN”) List, including two major Russian … Read more
On April 1, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) entered a settlement agreement with S&P Global, Inc. (“S&P Global”), a New York-based company that provides business information and financial analytics. According to a press release, S&P Global agreed to pay $78,750 to settle its potential civil liability for … Read more
In this mini-series, we discuss the recent sanctions measures implemented in the U.S., E.U., and U.K. as a response to the crisis in Ukraine. In this episode, Jonathan Cross, Lode Van Den Hende, Elizabeth Head, and Brittany Crosby-Banyai focus on the recent sanctions that impact the Russian energy sector. Herbert Smith Freehills Podcasts · Designated: … Read more
Updates from February 4, 2022 through March 11, 2022. Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed, such that Russia is, in many respects, now a comprehensively sanctioned jurisdiction. We have published a number of recent updates regarding sanctions measures that have been proposed and enacted … Read more
Economic restrictions applicable to dealings with Russia continue to tighten on the basis of events in the Ukraine conflict, and the U.S. Justice Department has announced a new task force to prosecute violations of Russia sanctions. We previously discussed sanctions measures that have been enacted in several jurisdictions as a response to the conflict on … Read more
Russia first issued counter sanctions in 2014, which were initially limited to a ban on importation to Russia of certain agricultural goods originating from the countries which introduced the sanctions. Subsequently they were accompanied by sanctions targeting certain Ukrainian persons. In the last few days, the EU, US and UK (and a number of other … Read more
Further to our post yesterday, we set out below the latest EU and UK developments in response to the conflict in Ukraine. As ever, the position continues to change rapidly and we will continue to provide updates via this blog. UK Further designations On 28 February, the UK announced the addition of three further entities to its Russia … Read more
