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Alison J. Stafford Powell

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In further US developments against Russia, (1) on April 19 and 20, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) targeted sanctions evaders, including by adding two Russian banks – Public Joint Stock Company Transkapitalbank (“TKB”) and its subsidiary, Joint Stock Company Investtradebank (“Investtradebank”) – and the virtual currency mining company, Bitriver AG and its subsidiaries, to the Specially Designated Nationals and Blocked Persons List (“SDN List”) for attempts to…

On March 11, 2022, the US Government issued a number of additional sanctions measures against Russia.  The latest measures include the issuance of (i) a new Russia-related Executive Order 14068, “Executive Order on Prohibiting Certain Imports, Exports, and New Investment with Respect to Continued Russian Federation Aggression” (“EO 14068”) and (ii) four new General Licenses (“GLs”) related to Russia and Ukraine.  These measures include a ban on exports and sales of a range of luxury…

On March 2, 2022, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued two new Russia-related general licenses, reissued two existing general licenses, and published and updated several frequently asked questions (“FAQs”) clarifying various aspects of the Russia-related sanctions imposed over the past weeks. In addition, on March 3, 2022, OFAC issued another new Russia-related general license and designated additional parties to the Specially Designated Nationals and Blocked Persons List (“SDN List”). We summarize…

On February 22, 2022, the US Government issued a number of additional sanctions measures against Russia in response to President Putin’s recognition of the independence of the “so-called Donetsk People’s Republic (DNR) and Luhansk People’s Republic in Ukraine (LNR)” and his request to deploy forces to those regions – with President Biden characterizing these developments as “the beginning of a Russian invasion of Ukraine.” The new US sanctions measures build on the comprehensive region-wide sanctions…