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Cornerstone Research

U.S. Natural Gas Marketed Production Reaches Record Highs

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Ukraine War contributes to substantial increase in U.S. LNG exports to Europe. Washington—Annual marketed production of natural gas increased in the United States to a record high in 2022...more

K&L Gates LLP

UK and EU Sanctions Update–April 2024

K&L Gates LLP on

The following alert provides an update on recent sanctions developments, including: The publication of the UK government’s first sanctions strategy. The announcement of over 50 new sanctions. Measures to strengthen the Oil...more

White & Case LLP

Overview of the EU’s 10th sanctions package in relation to Russia

White & Case LLP on

On 25 February 2023, the EU adopted its tenth sanctions package against Russia. More industrial, high-tech and aviation goods are now banned for export to Russia, while Russian bitumen and related materials, synthetic rubber...more

Eversheds Sutherland (US) LLP

Services ban and EU import ban come into effect for seaborne Russian petroleum products

On February 5, 2023, the G7 announced that the “price cap” on western-backed seaborne trades of Russian-origin petroleum products to third countries would be set at $45 per barrel ($45/bbl) for Discount to Crude petroleum...more

BakerHostetler

Current State of U.S. Economic Sanctions Imposed on the Russian Federation and Covered Regions of Ukraine in Response to the...

BakerHostetler on

This update addresses the full implementation of the price cap policy for crude oil and petroleum products of Russian origin by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). On Feb. 3, OFAC...more

WilmerHale

Global Jurisdictions Adopt New Price Cap on Russian Petroleum Products - New Guidance Creates Additional Compliance Expectations

WilmerHale on

Effective February 5, 2023, the Price Cap Coalition (the Coalition), consisting of the G7 nations, the European Union (EU) and Australia, set a price cap of $45 per barrel for “Discount to Crude” petroleum products of Russian...more

Holland & Knight LLP

OFAC Updates U.S. Oil Price Cap Policy Against Russia

Holland & Knight LLP on

As an update to an earlier Holland & Knight alert on the same topic, the U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) has published another determination pursuant to Executive Order 14071 expanding...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU and UK Price Cap on Russian Crude Oil

On 5 December 2022 the $60 per barrel price cap on Russian crude oil announced by the G-7 finance ministers in September 2022 came into effect in the United States, European Union and United Kingdom. The price cap is...more

Eversheds Sutherland (US) LLP

Russia and Belarus sanctions update - December 2022

Oil price cap - The oil price cap has been co-ordinated by the G7 in order to make EU, UK and US services (including (re)insurance) available to third country importers and exporters as long as the price paid for...more

WilmerHale

Global Jurisdictions Implement Russian Oil Ban and Price Cap Policy

WilmerHale on

A ban on services related to the maritime transport of Russian-origin crude oil sold above a pre-determined price cap of $60 per barrel began on December 5, 2022, with a similar price cap ban related to other Russian-origin...more

Orrick, Herrington & Sutcliffe LLP

U.S., EU, and UK Price Cap Sanctions Prohibiting Services for Maritime Transport of Russian Oil

Effective December 5, 2022, a coalition of G7 countries, Australia, and the European Union have generally forbidden service providers to provide certain services relating to the maritime transport of Russia-origin crude oil...more

Flaster Greenberg PC

Marcellus Shale Update: Energy Remains an Important Electoral Issue Even in “Safe” States Like New York: Law Firm, Attorneys

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Now less than one month before Election Day, the New York Governor's race is far closer than most had anticipated. Incumbent Democrat Kathy Hochul, who succeeded Andrew Cuomo following his resignation, is being pressed by...more

Latham & Watkins LLP

Sanctions Update: EU and US Impose New Sanctions and Export Controls Relating to Russia

Latham & Watkins LLP on

The EU has issued its eighth “package” of sanctions measures on Russia. Meanwhile, US agencies have issued guidance on “secondary” sanctions enforcement, designated additional SDNs, and restricted further exports to Russia —...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - October 2022 - China’s Economic Cost of Invading Taiwan

China and Taiwan have been locked in a tussle for decades over who gets to call the island country home. China considers Taiwan a breakaway province, while Taiwan sees itself as a sovereign nation....more

Locke Lord LLP

G7 Coordinated Effort to Implement a ‎Price Cap on Russian Oil and ‎Petroleum Products: September ‎‎27, 2022

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Russian Oil Price Cap - The G7 has agreed to a U.S.-led coalition to impose a price cap on Russian oil exports to stem Russian profits from sales of oil to fuel its war efforts against Ukraine. On September 2, 2022, the...more

Seward & Kissel LLP

OFAC Issues Preliminary Guidance on Implementation of Maritime Services Policy and Related Price Exception for Seaborne Russian...

Seward & Kissel LLP on

On September 9, 2022 OFAC issued a preliminary guidance on the Implementation of a Maritime Services Policy and Related Price Exception for Seaborne Russian Oil in furtherance of a policy established by a coalition of...more

Braumiller Law Group, PLLC

Braumiller Law Group & Braumiller Consulting Group August 2022 newsletter

We can all agree that goods made from forced labor, indentured labor or child labor should not be introduced into the U.S. market. Indeed, U.S. law prohibits the entry of goods made from forced labor....more

Braumiller Law Group, PLLC

Hot Topics in International Trade - August 2022 - Incursion and World Trade, Part 4: Are India and China Coming to Putin’s Rescue?...

Calculations by top economists worldwide show that Russia is still accumulating about one billion dollars a day on oil and gas exports to fund the invasion. It does beg the question, who is buying the oil? ...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU and UK Adopt Further Sanctions and Export Controls Targeting Russia

In recent months, the European Union and United Kingdom have adopted additional measures targeting key elements of the Russian economy in response to the invasion of Ukraine. Specifically, the EU and UK continue to expand the...more

Eversheds Sutherland (US) LLP

Russia and Belarus sanctions update - July 2022

The US continues to ramp up sanctions pressure on Russia, now emphasizing Russian efforts to evade US export controls and obligations of financial institutions to police Russian efforts at sanctions and export controls...more

White & Case LLP

Germany’s Reaction to the Energy Crisis

White & Case LLP on

Following Russia's actions in Ukraine, an energy crisis unfolds in Europe and particularly in Germany. The looming threat of Russia suspending gas deliveries to Germany, or Germany ending the procurement as part of a...more

Braumiller Law Group, PLLC

"Hot Topics in International Trade - April 2022 - Incursion and World Trade, Part 2: How to Commit Economic Suicide for Your...

From my perspective, as well as what seems to be many others in the west and around the globe, the incredibly long table that Vladimir Putin sits behind separating himself from his minions, as well as other country’s visiting...more

Flaster Greenberg PC

The End Of Energy Innocence

Flaster Greenberg PC on

When Vladimir Putin sent his troops into Ukraine to go conquer that democracy, all of the abstract concepts about energy ended. While not quite a Pearl Harbor moment in terms of instantaneous ideological shift, Putin's...more

Hogan Lovells

New measures from the US, UK, and EU aim to significantly reduce reliance on Russian energy supplies

Hogan Lovells on

On March 8, 2022, the United States, United Kingdom, and European Union announced measures intended to eliminate or reduce their reliance on Russian energy imports. Until now, these countries had largely refrained from...more

Fenwick & West LLP

Additional US Sanctions and Export Controls Issued Against Russia and Belarus as Russian Invasion of Ukraine Persists

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This alert summarizes the current state of trade measures and restrictions against both Russia and Belarus, following our last update on February 25, 2022....more

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