Trade and Manufacturing Monitor
European Union Announces First Round of Sanctions on Russia: Banks, Sovereign Debt, Elites, DNR/LNR Trading Ban (UPDATED)
This post was updated on 2/24 following the release of the underlying EU legislation. Yesterday, the European Union imposed new sanctions on Russia in response to the situation in Ukraine. The array of measures…
U.S. Imposes Sanctions on Nord Stream 2 AG
Today, President Biden announced new U.S. sanctions on Nord Stream 2 AG and its corporate officers, including its German CEO, Matthias Warnig. Nord Stream 2 AG is a Swiss company owned by Gazprom, the Russian gas…
More U.S. Sanctions on Russia: VEB, PSB, & Russian Sovereign Debt
In a move coordinated with U.S. allies, the United States imposed a “ first tranche” of sanctions on Russia today following that country’s recognition of the Donetsk People’s Republic (DNR) and Luhansk People’s…
How do you identify locations subject to the new U.S. embargo on the DNR & LNR?
The new U.S. embargo on the breakaway Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR) regions of Ukraine present U.S. companies with the complicated task of determining whether a transaction or…
United Kingdom Imposes First Tranche of Sanctions on Russian Banks and High Net-Worth Individuals
Today, the United Kingdom imposed sanctions on five Russian banks and three Russian oligarchs in response to the situation in eastern Ukraine. The sanctions were imposed pursuant to recently strengthened sanctions…