Biden Administration Imposes New Russia Sanctions And Establishes Framework For Future Expansion Of Russian Sanctions Regime - International Law
To print this article, all you need is to be registered or login on Mondaq.com. Recently, the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") sanctioned various individuals and entities connected to Russia's technology sector and also expanded sanctions against dealings in Russian sovereign debt. In addition to these immediate actions, President Biden also issued a new Executive Order which will significantly expand OFAC's authority to impose future sanctions against Russia. Background The White House published a Fact Sheet which explains the rec...