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United States Announces New Round of Russia Sanctions, Including New Investment Ban

International Trade and Investment Alert™ | April 11, 2022

Last week the United States imposed a range of additional sanctions against Russia in response to reported atrocities committed against Ukrainian citizens.  On April 6, 2022, President Biden issued an executive order (“the New EO”) prohibiting new investment in Russia and the exportation of services to Russia in sectors to be identified by the Treasury Department.  The Office of Foreign Assets Control (“OFAC”) also announced a new round of sanctions targeting Russian financial institutions and Putin allies, as well as Russian state-owned entities.

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