In Law360, International Risk Team Examines Latest Tranche of Sanctions and Export Restrictions Targeting Russia

In The News
June 21, 2024

In a Law360 article, international risk partners Ama Adams and Brendan Hanifin and counsel Emerson Siegle analyzed the latest tranche of sanctions and export restrictions targeting Russia announced at the 50th G7 summit.

One aim of the new designations is to target the architecture of Russia's financial system, which has been reoriented to facilitate investment into its defense industry and acquisition of goods needed to further its aggression against Ukraine.

The authors note the recent designations and announcements further complicate an already extremely challenging compliance landscape for parties who seek to transact with Russia and Belarus. In addition, the new measures illustrate the fluidity of trade-focused restrictions, and underscore the need to constantly refresh prior sanctions and export control analyses to account for intervening new restrictions.