Squire Patton Boggs (LexBlog Russia)

76 results for Squire Patton Boggs (LexBlog Russia)

  • BIS Amends the EAR to Expand Sanctions Against Russia and Belarus and Over 300 New Sanctions Designations

    On June 12, 2024, the US Department of Commerce Bureau of Industry and Security (BIS) imposed additional export control measures against Russia and Belarus by expanding the scope of items subject to the Export Administration Regulations (EAR) sectoral sanctions. The amendments to the EAR were issued in conjunction with the issuance of sanctions against over...

  • BIS Amends the EAR To Implement Additional Sanctions Against Russia and Belarus and To Revise Existing Export Controls on Russia, Belarus and Iran

    On January 25, 2024, the US Department of Commerce Bureau of Industry and Security (BIS) published amendments to the Export Administration Regulations (EAR) expanding the sanctions against Russia and Belarus through new and revised licensing requirements. The amendments also refined existing export controls on Russia, Belarus and Iran to enhance the effectiveness of, and better...

  • OFAC Expands Russian Sanctions

    On May 19, 2023, the Department of Treasury’s Office of Foreign Asset Control (OFAC) expanded U.S. economic sanctions against Russia through the issuance of: In addition, OFAC issued four general licenses related to these expansions. (Recent Actions, Department of Treasury, Russia-related Designations; Issuance of Amended Russia-related Directive 4, Russia-related General Licenses; Publication of

  • BIS Amends the EAR to Impose Additional Sanctions Against Russia and Belarus and to Impose Additional Export Controls on Iran

    On Friday, February 24, 2023, the US Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register four new Final Rules amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to implement additional sanctions against Russia and Belarus, refine existing controls, implement export control measures on Iran, and add new entities to the...

  • EU Agrees to 10th Package of Sanctions Against Russia

    On 25 February 2023, the EU Council adopted the tenth package of restrictive measures in response to Russia’s ongoing aggression against Ukraine. The new regulations include tighter restrictions on the export of dual-use goods, as well as measures against entities that support the conflict or deliver drones used by Russia. According to a statement by...

  • EU Sanctions Against Russia

    The EU first adopted restrictive measures against the Russian Federation back in 2014, in response to Russia’s annexation of Crimea and Sevastopol and the destabilisation of Ukraine. Since then, the EU has massively expanded the sanctions, following Russia’s military aggression against Ukraine and its decision to recognise the non-government-controlled areas of the Donetsk and Luhansk oblasts as..

  • BIS ISSUES NEW EXPORT CONTROLS ON RUSSIA AND BELARUS

    On Friday, September 16, 2022, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule, 87 Fed Reg. 57068, amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to impose several new controls on exports, reexports, and transfers (in-country) of items to or within Russia...

  • Russian Sanctions Update: Will “Biting” Eighth EU Sanctions Package Prohibit Legal Services?

    “Russia should not benefit from European knowledge and expertise.”  That is the view of European Commission (“EC”) President Ursula von der Leyen, who recently proposed an eighth package of sanctions against Russia in response to “escalation” in Ukraine.  Among the “biting” new sanctions will be a wider ban on the provision of European services to...

  • Transatlantic Trade | US and Europe – July 11-29, 2022

    Note:  Our next report will circulate in September, after the summer break. Amid the global food crisis, the Russian Federation (Russia) and Ukraine reached an agreement that was signed in Turkey to allow Ukraine’s grains to ship to global markets; Ukraine awaits sign from the United Nations (UN) that ship passage is guaranteed for the...

  • EU adopts 6th package of sanctions against Russia

    On 3 June 2022, the EU announced it has adopted a sixth package of restrictive measures against Russian Federation as it continues its aggression against Ukraine. The latest package also imposes further sanctions on Belarus considering its involvement in this aggression.

  • Now and Next Podcast Series: Russia/Ukraine Conflict

    In our Now & Next podcast series, we spotlight the “Now” (the ongoing global responses to the conflict and crisis in Ukraine) and the “Next” (the immediate- and long-term rippling effects of those responses), as well as what businesses should do now and next to navigate the situation and mitigate their risk exposures. Matthew Kirk,...

  • Now and Next Podcast Series: Russia/Ukraine Conflict

    In our Now & Next podcast series, we spotlight the “Now” (the ongoing global responses to the conflict and crisis in Ukraine) and the “Next” (the immediate- and long-term rippling effects of those responses), as well as what businesses should do now and next to navigate the situation and mitigate their risk exposures. Matthew Kirk,...

  • New DOJ KleptoCapture Task Force to Enforce Russia Sanctions

    On March 2, 2022, the U.S. Department of Justice (“DOJ”) announced the creation of the interagency Task Force KleptoCapture (the “Task Force”) to enforce the sanctions, export restrictions, and economic countermeasures against Russian officials and oligarchs in response to the conflict in Ukraine. The Task Force will consist of prosecutors and agents from numerous federal...

  • EU Actions on Russia and Russia-related Sanctions

    The EU has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. Additional jurisdictions we are tracking include: Japan, Republic of Korea, UK and US. April 21, 2022: The EU added additional parties to its Russian sanctions...

  • US Actions on Russia and Russia-related Sanctions

    The US has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent). With relevant developments, we will update this post on a weekly basis. The latest developments occurred on April 1 and April 6. Additional jurisdictions we are tracking include: EU, Japan, Republic of Korea and...

  • US Executive Branch Update – April 28, 2022

    This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* 9:30 a.m. ET – THE PRESIDENT receives the President’s Daily Brief 10:45 a.m. ET – THE PRESIDENT delivers remarks on support for Ukrainians defending their country and their freedom against Russia’s brutal war...

  • BIS Amends Export Administration Regulations with Respect to Russia and Belarus

    On Tuesday, April 12, 2022, the US Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register a Final Rule amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to add four additional countries to the list of countries excluded from certain license requirements (Supp. No. 3 to part 746)...

  • Russia-related Sanctions and New US Export Controls – Implications for US Trade Contracts and Negotiations

    Our Trade Practitioners recently provided an overview on Russia-related sanctions and newly imposed export controls by the US, and shared insights on how to manage US trade contracts and negotiations via two webinars. Please visit our Learning Center for the webinar recordings and presentation slides. The Learning Center contains additional trade compliance related resources and...

  • The Effect of Sanctions on Supply Contracts

    The impact of Russia Sanctions has, as we have seen in the US with the first Chapter 11 filing (see our previous blog) started to have an adverse impact on businesses that have connections with Russia.  The impact on supply chains, and the consequences for business remain at the forefront of discussions and in our...

  • Sanctions Against Russia and Restrictions on Flow of Capital Lead to First Chapter 11 Filing in the United States and Will Likely Lead to More Filings

    As the conflict in Ukraine enters its second month and the list of sanctions and restrictions imposed by the United States, the European Union and other countries increases to punish Russia, the effects of the sanctions will become more apparent and are expected to have profound and lasting effects on a large number of industries....

  • Sanctions Against Russia and Restrictions on Flow of Capital Lead to First Chapter 11 Filing in the United States and Will Likely Lead to More Filings

    As the conflict in Ukraine enters its second month and the list of sanctions and restrictions imposed by the United States, the European Union and other countries increases to punish Russia, the effects of the sanctions will become more apparent and are expected to have profound and lasting effects on a large number of industries....

  • Trial by Fire for Polish Export Credit Insurance

    In the wake of Russia recently setting new rules for foreign creditors’ debt repayment, dividing foreign creditors in terms of whether or not they are based in a country that’s sanctioned Russia (the “Decree”), creditors having exposure to Russian entities have started reviewing their repayment options. Some of them may feel fortunate holding export credit...

  • Cryptoasset firms and sanctions

    The FCA has stressed recently that it expects the cryptoasset sector to play its part in ensuring that Russian sanctions are complied with, and highlighted that the financial sanctions regulations do not differentiate between cryptoassets and other forms of assets. The use of cryptoassets to breach or circumvent economic sanctions is a criminal offence under...

  • FBI Warns U.S. Critical Infrastructure Subject to Reconnaissance for Cyberattacks

    On March 21, 2022, President Biden warned U.S. companies, particularly those operating in critical infrastructure sectors, that “[b]ased upon evolving intelligence, Russia may be planning a cyberattack against us.” See details here. The evolving intelligence appears to be based upon, among other things, a March 18th advisory from the FBI to U.S. businesses that threat...

  • The Impact of Russia-Ukraine Crisis on Capitals, Markets and Boardrooms

    Moderated by Stephen Lerner and hosted by the American Bankruptcy Institute (ABI), a multidisciplinary team from our firm engaged in a wide-ranging discussion about the crisis in Ukraine. Topics included geopolitics, the global economy, sanctions and trade compliance, supply chains, the legal response from Moscow, and other business critical issues. Watch the webinar recording here....

  • Republic of Korea Actions on Russia and Russia-related Sanctions

    The Republic of Korea has responded to the conflict in Ukraine with the following sanctions measures (listed by date, beginning with most recent).  With relevant developments, we will update this post on a weekly basis. Additional jurisdictions we are tracking include: EU, Japan, UK and US. March 7, 2022: The Foreign Ministry announced of the Republic of Korea...

  • Russia Suspends Compulsory License Payments for Some Non-Russians

    In the latest example of the escalation of tensions between Russia and the West, Russian Prime Minister Mikhail Mishustin last week issued a decree that owners of Russian patents from countries that Russia considers to be unfriendly are no longer entitled to any compensation for compulsory licensing of their patents. In particular, the decree (translated...

  • US Executive Branch Update – March 11, 2022

    This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Schedule* 9:00 a.m. EST – THE PRESIDENT receives the President’s Daily Brief 10:15 a.m. EST – THE PRESIDENT announces actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine...

  • Managing Your European Business in Light of Sanctions imposed on Russia

    The huge and devastating impact of COVID-19 on people, economies and business was unforeseen, and although (in the UK, at least, with all restrictions now lifted) the pressures created by COVID-19 are hopefully a thing of the past, businesses are seeing new challenges impacting recovery, trade and growth. It is saddening to watch the developments...

  • The US Imposes New Export Controls on Russia and Regions of Ukraine; UK and EU Assessing Measures

    On February 25, 2022, the Department of Commerce Bureau of Industry and Security (“BIS”) unveiled extensive new export control regulations on Russia and Russian-aligned regions of Ukraine as part of the Biden Administration’s economic sanctions package in response to the Russia-Ukraine conflict. This alert is the second installment of the Biden Administration’s response to the...

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