Since February 21, 2022, the United States has joined a coalition of countries imposing sanctions in response to Russia’s invasion of Ukraine. New US sanctions and export controls are wide ranging and complex, significantly impacting trade and related financial transactions between the US and Russia, as well as Belarus. They also affect transactions and exports from outside the United States in many areas of commerce. The following is a high-level overview of recent US legal developments as of March 8, 2022.
For more information on how these measures could impact your organization, contact a member of Steptoe’s Economic Sanctions and Export Controls teams.
Additional resources can be found on Steptoe’s “Sanctions against Russia: Implications for Business and International Trade” page.