Monthly Archives: April 2022

Key Takeaways:

• U.S. sanctions major Russian state-owned enterprises Alrosa (diamonds) and United Shipbuilding Corporation (defense sector)
• OFAC publishes new Russia-related general licenses, including a license authorizing certain transactions related to telecommunications
• “Fifth Wave” EU sanctions package restricts trade with Russia and imposes sanctions on 217 individuals and 18 entities

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I.    U.S. Actions

Following increased sanctions on Russian banks and a new Executive Order banning investment in the Russian Federation (reported by Foley Hoag here),… More

Key Takeaways:

• New Executive Order prohibits all new investment by U.S. persons in Russia
• U.S. imposes full asset freezing sanctions on Alfa-Bank and Sberbank, along with more Russian government officials and their family members, including the daughters of Russian President Vladimir Putin
• Sanctions target Russian cybercrime and ransomware

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I.    New Executive Order Bans U.S. Investment in Russia

On April 6,… More