Sanctions Update: US, UK, and Japan Impose New Sanctions and Export Controls Relating to Russia

The measures prohibit gold imports and add new SDN, Entity List, and asset freeze designations.

This Client Alert is published in the context of ongoing developments and should be read in conjunction with the Latham & Watkins Client Alerts published on June 17, June 15, June 10, May 13, April 12, March 11, March 8, March 1, and February 25.

The latest sanctions, export controls, and trade restrictions that the US, UK, and Japan have imposed are summarized in this Alert, along with guidance that OFAC and other regulators have issued in support of those restrictions, as of July 4, 2022. Different jurisdictions are introducing new sanctions, export restrictions, and other legal and regulatory measures on a regular basis. Companies exposed to sanctions-related developments in Russia should obtain up-to-date legal advice before taking any steps that may have legal effects.

Please see full Alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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