New rules significantly expand the scope of existing UK and EU sanctions and export controls on Russia.
This Client Alert summarises the latest sanctions imposed by the UK and the EU as of 7 March 2022. Different jurisdictions are introducing new sanctions, export restrictions, and other legal and regulatory measures on a near daily basis, and companies exposed to the developments in Russia should ensure that they obtain up-to-date legal advice before taking any steps that may have legal effects.
Learn about the series of sanctions taken by the United States, the United Kingdom, and the European Union against Russia and Belarus following Russia's invasion of Ukraine.
Read about the implications of the crisis in Ukraine for contracts governed by English law, especially for clauses pertaining to force majeure, price escalation, material change, and sanctions. Learn key steps that companies can take to limit exposure.
In the current climate with Russia invading Ukraine, U.S. and international policymakers enacted numerous sanctions that raise many questions. Knowing the typical course of these sanctions in past scenarios helps to triage new risk assessment and update internal controls. This is a “Top Ten” list of considerations.
Recently, the US, the EU, and the UK announced that they will exclude some Russian banks from the SWIFT global payment system, a move that is expected to have a significant impact on these banks’ ability to remain connected with the international financial system and operate globally. The EU also announced plans to restrict the activities of certain Russian media outlets.
The US government, in coordination with the EU, the UK, and other allies, has introduced significant new sanctions and export controls in light of ongoing events across Russia and Ukraine, including new regional embargoes, full blocking sanctions, and other restrictions targeting several major Russian financial institutions, sovereign debt restrictions, the designation of Russian elites and their family members, and sanctions related to the Nord Stream 2 pipeline, among other targets.
Steps for companies to consider following the series of sanctions taken against Russia in the wake the Ukraine crisis.
This Top Ten describes ten points that in-house counsel and corporate executives need to do in dealing with today’s supply chain issues going forward.
The first in-person meeting of the member countries of the Quadrilateral Security Dialogue (QUAD) at the White House resulted in the announcement of several initiatives in the Indo-Pacific region.
In this Top Ten, in-house counsel can learn ten steps that your business can take to measure, mitigate, and monitor social risks across operations and supply chains.