U.S. Imposes Additional Sanctions and Export Controls on Russia in Response to Russia’s Invasion of Ukraine
International Trade and Investment Alert™ | February 28, 2022
The United States has imposed significant additional sanctions, as well as export controls, in response to Russia’s invasion of Ukraine. These new measures, which go significantly beyond the previously announced first tranche of sanctions, focus on Russia’s financial sector and elites and their families. The export controls introduce new license requirements aimed at restricting Russia’s ability to acquire a range of foreign-produced items and technologies. While these sanctions still fall short of a complete embargo of Russia, they will significantly hamper future commercial and financial transactions involving Russia.
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