Discussion on the latest developments with respect to US and EU sanctions regarding Russia

In response to recent events in Ukraine, the U.S. and EU last week imposed newer, wider-reaching sanctions on Russia. In addition to adding more individuals and entities to the List of Specially Designated Nationals and Blocked Persons (SDN List), the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) designated a number of prominent Russian companies to OFAC’s Sectoral Sanctions Identification List (SSI List), thereby making it difficult for these companies to acquire financing from Western institutions. The EU also increased its pressure on the Russian Government with a widening of sanctions against a number of new individuals and entities seen as contributing to the crisis in Ukraine and a widening of the basis on which the EU can designate sanctions targets to include "persons supporting, materially or financially, actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine."

The U.S. and European Union, acting in concert, are expected to significantly escalate their pressure on the Russian Government this week with sanctions targeting Russia’s financial, energy, and defense sectors. The expanded sanctions will bring the current standoff to a new level and will likely have a much more serious impact on businesses operating in Russia or transacting with Russian parties than previous rounds of sanctions.

Please join us for an hour-long interactive discussion in which our team will explain the implications and possible effects that the latest U.S. and EU sanctions may have on your business, as well as the steps the Russian Government has been taking in response. The presentation will be followed by a question and answer session.

Register here