As the Biden administration steps up export control enforcement and implements an unprecedented sanctions program targeting Russia, exporters should tailor their compliance programs, identify heightened compliance risks and consider voluntarily disclosing existing violations, say attorneys at Covington.
Since Russia first began its invasion of Ukraine on February 22, 2022, coordinated measures adopted by the United States and its allies, such as in the form of economic sanctions and export control restrictions.
U.S. President Joe Biden imposed additional sanctions Thursday that he said “will impose severe costs on the Russian economy” following Russian