Evaluating the Efficacy of Sanctions on Russia

sanctions

Since the Kremlin’s February 24th invasion of Ukraine, western countries have put in place extensive global financial ramifications. To gauge the extent of effectiveness, one must decipher the numbers behind Russia’s deceiving published economic statistics. One staggering implication of the trade war with the west lies within the entire collapse of the GDP growth acquired in the post-Soviet era.

European Countries Beware, Winter Is Coming, with Ice King Putin Leading the Charge

russian gas sanctions

If you haven’t heard the words Ukraine or Russia within the last 5 months, one would assume that you must live under a rock, or that you’ve just decided to tune them out. Just as it seemed that we were on our way to being in the clear from the COVID pandemic and getting back to a little bit of normalcy within the global supply chain, the ever-so-sweet Putin decided to invade the Ukraine.

Russian Sanction Updates and Reporting Requirements: What are your Responsibilities under OFAC?

Russion-Sanctions-OFAC

In response to the Russian Federations’ (“Russia”) invasion of Ukraine, the U.S. Government has recently announced expansive economic sanctions against Russia and its economy. The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) imposed sanctions against multiple parties in Russia to deplete Russian resources for purposes of ending the war.

A Primer on U.S. Sanctions and Export Controls – Part II

U.S. Sanctions and Export Controls

By: Devin Sefton, Senior Associate Attorney, Braumiller Law Group The ever-shifting sands of U.S. sanctions and export controls can make it challenging to know the current restrictions that exist with respect to a given country.  With each new administration comes newly imposed restrictions and newly lifted restrictions.  This problem was particularly exacerbated by the 180-degree pivot […]

How COVID-19 is Impacting U.S. Sanctions and Export Controls

covid 19 us sanctions export controls.

Since the emergence of COVID-19 in the U.S. beginning in February of 2020, there is general uncertainty over how the pandemic could affect the regulatory landscape, including regulations relating to U.S. sanctions and export controls. A review of the actions taken to date suggest that little has changed with respect to U.S. economic sanctions.

Imposition of Russian Sanctions

russian sanctions

One of the more interesting developments in the trade world is the recent addition of Russian businesses and individuals to the Specially Designated Nationals List (SDN List) by the U.S., Canada, and EU. On March 15th, the U.S. Treasury Department announced that the Office of Foreign Asset Controls (OFAC) added six individuals…