The U.S. government recently announced further sanctions and export controls against individuals and entities operating in Russia and Belarus, including the following:
President Biden signed two bills on April 8, 2022, to further punish Russia for its invasion of Ukraine. The two bills, which passed in Congress with large bipartisan support, revoke Russia’s and Belarus’s MFN status (also referred to as Permanent …
On April 9, 2022, the Department of Commerce’s Bureau of Industry and Security (BIS) announced the issuance of a final rule to expand its highly restrictive controls on the exportation and re-exportation of U.S.-origin and certain foreign-produced commodities, software, and …
The United States, working in tandem with the European Union and G7 nations, announced a series of new economic sanctions and trade control measures against Russia on March 11, 2022 and March 24, 2022, consisting of the following:
President Biden announced sweeping restrictions on imports and new investments in the Russian energy sector in an Executive Order (E.O.) published March 8, 2022.
Broadly, the E.O. bans the importation of Russian oil, liquefied natural gas (LNG), and coal into …
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced March 4, 2022, the imposition of further export controls in response to Russia’s invasion of Ukraine. BIS issued two rules, which took effect March 3, 2022.
The first …
Today Canada became the first country to announce the removal of “Most Favoured Nation” treatment for imports of goods that are of Russian and Belarussian origin. In the absence of MFN treatment, these goods will be subject to Canada’s “General …
Yesterday the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced that it had imposed on Belarus the extensive export controls made effective on Russia on February 24, 2002. These measures were taken in response to Belarus’s enabling …
On February 28, 2022, the Department of Treasury’s Office of Foreign Assets Control (OFAC) added regulations to implement Executive Order (E.O.) 14024 of April 15, 2021, “Blocking Property With Respect To …
Yesterday the Government of Canada sanctioned more than 350 additional individuals and 30 additional entities affiliated with and believed to be supporting the Putin regime. With few exceptions, Canada’s sanctions impose broad bans on “dealing in the property” of, “making …