On May 1, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of State sanctioned nearly 300 individuals, businesses, and vessels abroad to further degrade Russia’s...more
The U.S. Expands Sanctions Against Russia to Include the Accounting, Trust and Corporate Formation Services, and Management Consulting Sectors of the Russian Economy and Expands Export Controls to Russian Industrial and...more
What are primary sanctions? Sanctions programs administered by the Office of Foreign Assets Control (“OFAC”) require the “blocking” or “freezing” of assets of an “SDN.” U.S. persons are generally prohibited from engaging in...more
On March 11, 2022, U.S. President Joe Biden signed an Executive Order banning the import of goods into the U.S. of Russian origin—seafood, spirits/vodka, and non-industrial diamonds. The Executive Order also includes an...more
On March 8, 2022, U.S. President Biden signed Executive Order 14066 banning all imports of Russian-origin crude oil; petroleum; petroleum fuels, oils, and products of their distillation; liquified natural gas; coal; and coal...more
Russia’s recent invasion against Ukraine is prompting the United States (U.S.) and other countries to issue sanctions and restrictions on Russia. Companies that do business in Russia or in the region should take steps to keep...more
There is no shortage of news these days involving Russia. You would think that U.S. government contracting would be immune from these considerations. You’d be wrong. That’s because on July 11 2017, the Government removed...more