Effective as of 21 March 2023, Ukraine introduced a new set of personal sanctions against 300 individuals and 141 legal entities with the aim of targeting the Russian military industry as well as Iranian, Syrian and UAE persons contributing to the Russian aggression against Ukraine.[1] The Decision imposes extensive sanctions, including asset freeze; ban on trade operations; ban on transit of resources, flights and transportation within the territory of Ukraine; suspension of the performance of…

On February 24, 2023, Canada announced additional amendments to the Special Economic Measures (Russia) Regulations (the “Regulations”) in response to individuals and entities “complicit in Russia’s ongoing war against Ukraine”. These amendments list an additional 129 individuals and 63 entities under Schedule 1 of the Regulations. These amendments also prohibit the export to Russia of certain chemical elements for use in electronics,[1] and ban the import, purchase, or acquisition of Russian arms, ammunition, and other…

On February 24, 2023, the US Government alongside G7 leaders announced via a White House statement a new set of trade and economic measures targeting Russia and Belarus and support for Ukraine. These measures were announced to mark the one-year anniversary of the Russian invasion of Ukraine and include the following: The US Treasury Department’s Office of Foreign Assets Control (“OFAC”) (i) issued a new determination authorizing the imposition of sanctions targeting the Russian metals…

In the second session of our 2023 International Trade and Supply Chain Webinar Series, partners Sunny Mann, Alison Stafford Powell, Paul Amberg, Jannan Crozier and Ed Poulton will be hosting a webinar on February 28th to discuss “Key Lessons from the Russia/Ukraine Crisis: Preparing for the Next Geopolitical Event”. Drawing on their experience advising numerous multinationals over the past year on this topic, our team will provide their insights and practical guidance on how to…