Sheppard, Mullin, Richter & Hampton LLP (LexBlog Russia)

6 results for Sheppard, Mullin, Richter & Hampton LLP (LexBlog Russia)

  • Russia Russia Russia! The Biden Administration Imposes Tough Sanctions on Russia

    This week has been a week of significant foreign policy action. Today, President Biden issued a new Executive Order imposing tough sanctions on Russia for its interference in the U.S. 2020 presidential election, as well as the SolarWinds cyber-attack that impacted multiple U.S. government agencies. This action was taken a day after Secretary of State...

  • Lurches, Leaps, Feints, and Flops: Movements Without Motion in Russian Sanctions Policy

    Since the U.S. Government determined that Russia interfered in the 2016 election[1], movement around Russia sanctions policy has been vigorous, if not unidirectional. In 2016, the United States implemented twice sanctions against Russia: In September, dozens of individuals and entities were sanctioned with regards to Russian operations in Crimea. In December, President Obama expelled 35...

  • Could the Crypto-Rouble Spell Crypto-Trouble for Sanctions?

    Russian President Vladmir Putin has directed his government to develop a state-backed cryptocurrency, according to a Financial Times report published on January 2nd. A Putin advisor says that the “Crypto-rouble” could be used to “settle accounts with our counterparties all over the world with no regard for sanctions.” He added that Russia’s cryptocurrency would be...

  • New U.S. Restrictions on Russia: OFAC Guidance and Industry-Specific Sanctions

    OFAC Expands the 50 Percent Rule Last month, the Department of Treasury’s Office of Foreign Assets Control (OFAC) released new guidance related to entities owned or controlled by persons designated as a Specially Designated National (SDN) on OFAC’s SDN list.  Although the guidance leaves intact the current meaning “50 percent rule,” the rule will now...

  • The Gloves are Off: U.S. Sanctions Block Aggressors in Crimea

    In response to Russia’s military presence in the Crimean region of Ukraine, President Obama issued an Executive Order (“EO”) on March 6, 2014, authorizing the blocking of property of individuals and entities involved in the political destabilization of Ukraine. The EO provides categories of persons subject to the sanctions but leaves the U.S. Treasury and...

  • Forbidden Art Nyet! Russian Curator and Exhibitor Convicted for Controversial Art Exhibit

    In March 2007, the exhibition “Forbidden Art-2006” opened at the Sakharov Museum in Moscow, featuring twenty-three provocative works previously banned throughout Russia. Andrei Erofeev, known as Russia’s most provocative curator, organized the exhibition and Yuri Samodurov, former director of the Sakharov Museum, provided the exhibit’s venue. Both have been found guilty under Russia’s Criminal...

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