Page 103 - Export Controls News Today

The White House on Wednesday appeared to downplay its openness to banning Russian oil exports as a means of punishing Russian President Vladimir Putin.

The war in Ukraine continues to occupy the attention of transatlantic leaders, the EU separately moved forward with a proposal related to corporate sustainability due diligence bringing environmental and human rights due diligence duties to companies and their directors.

Based on the evolving military operations of the Russian Federation in Ukraine, the United States has imposed additional sanctions on the Russian Federation, Russian leadership, and various financial institutions and companies. These sanctions, imposed in close coordination with American allies and partners, target Russian banks as well as Russian state-owned and private entities thought to be involved in funding Russia’s actions.

The Department of Commerce Bureau of Industry and Security unveiled extensive new export control regulations on Russia and Russian-aligned regions of Ukraine as part of the Biden Administration’s economic sanctions package in response to the Russia-Ukraine conflict.

The Department of Commerce Bureau of Industry and Security unveiled extensive new export control regulations on Russia and Russian-aligned regions of Ukraine as part of the Biden Administration’s economic sanctions package in response to the Russia-Ukraine conflict.

As we had reported in our earlier client alert and 2022 Year in Preview, Russia's invasion of Ukraine has resulted in a new wave of sanctions and export controls on Russia, ...

The invasion of Ukraine by Russian forces was much heralded by U.S. and UK intelligence services but the scale of the attack seemed to take the West by surprise when it actually happened this week. In the UK, after criticism that the sanctions announced on 22 February were insufficient, Prime Minister Boris Johnson announced a draconian package of sanctions aimed at undermining the ability of Russian banks to transact financial arrangements in or through the UK on 24 February.

What are economic sanctions and how and when are they used?

What are economic sanctions and how and when are they used?

On 24 February 2022, the United Kingdom announced that asset freezes had been imposed on VTB Bank, 5 state-owned defence enterprises and 5 individuals. Also, it was announced that asset...