Key Notes:

  • More than 500 entities and individuals added to the Specially Designated Nationals and Blocked Persons List and nearly 100 added to the Entity List.
  • Four new or updated general licenses issued by the Office of Foreign Assets Control to address wind-down and safety considerations.
  • An expansion of the multilateral Common High Priority Items List by the Bureau of Industry and Security to include certain computer numerically controlled (CNC) machine tools and parts.
  • The U.S. sanctions and export restrictions package were imposed in concert with key allies and partners, including Australia, Canada, the European Union, Japan and the United Kingdom.

On February 23, 2024, the United States imposed a new set of Russia-related sanctions and export controls to commemorate the second anniversary of Russia’s full-scale invasion of Ukraine and to respond to the death of prominent opposition leader Aleksei Navalny, who died in a Russian prison on February 16, 2024. The measures, which take particular aim at Russia’s financial sector, energy production revenue streams and the military-industrial complex, represent the largest single tranche of designations since Russia began its invasion of Ukraine three years ago.

View the entire client update in HTML or PDF format.