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The Biden administration has issued new sanctions on Russian individuals and entities as well as prohibitions on US financial institutions transactions with Russia s Central Bank, National Wealth Fund, and Ministry of Finance.
Following indications that it would take a tougher stance on Russia, on April 15, 2021, the Biden Administration issued new sanctions targeting Russian individuals and entities for a range of “continued and growing malign behavior” in the form of a new Executive Order (the Russia EO) as well as Directive 1 prohibiting certain activities of U.S. financial institutions (Russia Directive 1). The Russia EO allows for the imposition of sanctions against Russian persons operating in certain sectors of the Russian economy or who have been deemed to engage in a variety of activities contrary to the interests of the United States. Russia Directive 1 prohibits U.S. financial institutions from engaging in
U S Announces Sweeping New Sanctions Targeting Russia | Cozen O Connor jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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On April 15, 2021, following discussions just days earlier of a
potential summit between President Biden and Russian President
Putin and as Russian troops amassed along the Ukrainian border, the
Biden Administration
issued long-awaited and highly anticipated sanctions against
Russia, including a far-reaching new executive order
(
E.O. ), Blocking Property With
Respect To Specified Harmful Foreign Activities Of The Government
Of The Russian Federation, which authorizes sanctions on any person (individual or entity) determined to meet an
expansive array of criteria related to the Russian Federation s
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On April 15, 2021, President Biden signed a new Executive Order on Blocking Property
with Respect to Specified Harmful Foreign Activities of the
Government of the Russian Federation (the EO), declaring a
new national emergency and authorizing sweeping sanctions in
response to recent harmful foreign activities
undertaken by the Russian Federation (Russia). That same day, the
US Department of the Treasury (Treasury) took a number of sanctions
actions designed to further protect US national security interests.
These actions include:
A significant new directive prohibiting certain dealings in
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On 15 April 2021, the U.S. Government announced a number of new sanctions measures against Russia, targeting a variety of “harmful foreign activities” contrary to U.S. foreign policy. Specifically, the U.S. Government added several parties to the SDN List and issued a new Executive Order, expanding the basis for additional designations in the technology and defense sectors, as well as a new directive imposing targeted financial sanctions related to Russian sovereign debt.
On 15 April 2021, the U.S. Government announced a number of new sanctions measures against Russia, targeting a variety of “harmful foreign activities” contrary to U.S. foreign policy. In addition to designating a number of entities on the List of Specially Designated Nationals and Blocked Persons (SDN List) under existing authorities, President Biden issued Executive Order (EO) 14024, expanding the basis additional designations, including ex