The Latest on the Ukraine-Russia Crisis
We are monitoring the trade-related developments occurring in connection with Russia’s 2022 invasion of Ukraine. Below is a list of relevant blog posts, client alerts and webinar recordings. Please visit regularly for current information on the evolving situation. To receive an email notification when we publish new updates, please subscribe to the blog.
- OFAC Sanctions Gazprombank and Further Limits Russia’s Access to International Financial System, November 22
- Commerce, State and Treasury Implement Further Sanctions on Russian and Third-Country Individuals and Entities that Continue to Support Russia’s War Efforts in Ukraine, November 7
- OFAC Again Extends Authorizations Under Russia General License 13, September 30
- Department of Commerce Proposes Ban on Connected Vehicles Using Chinese or Russian Hardware and Software, September 25
- OFAC Issues New & Updated Russia-Related General Licenses in Connection with Recent Designations, September 19
- OFAC Issues Revised Russia Telecommunications General Licenses and an Alert on Russian Attempts to Evade Sanctions, September 6
- On the Eve of Ukrainian Independence Day, the United States Expands Export Controls and Sanctions on Russia and Belarus, August 26
- OFAC Implements Further Sanctions on Belarus, August 12
- OFAC Extends Wind Down Authorization for Transactions with Certain Russian Financial Exchanges, August 2
- United States and Mexico Act to Protect North American Steel and Aluminum Markets from Unfair Trade, July 15
- BIS Issues Guidance on Addressing Export Diversion Risks to Countries or Entities of Concern, July 11
- OFAC Continues to Extend Authorizations Under Russia General License 13, July 11
- BIS and OFAC Impose New Prohibitions Against Kaspersky’s Entities and Operations, June 25
- OFAC and BIS Significantly Extend Sanctions and Export Control Restrictions Against Russia and Belarus, June 24
- Commerce and Treasury Departments Announce New Sanctions and Export Control Restrictions on Russia and Belarus, June 12
- U.S. Aid Package for Ukraine, Israel and the Indo-Pacific Incorporates Extensive Sanctions and Export Control Reforms, May 8
- OFAC and State Target Russia’s Military-Industrial Base and Third-Country Support with Additional Sanctions, May 1
- OFAC Again Extends Russia-Related General License No. 8 Regarding Transactions Related to Energy, April 30
- BIS Establishes New License Exception for Medical Devices Exported to Russia, Belarus and Occupied Areas of Ukraine, April 26
- BIS and OFAC Expand Export Controls and Sanctions on Iran for Aggression Toward Israel and Military Support for Russia, April 19
- OFAC Again Extends Authorizations Under Russia General License 13, April 15
- United States Bans Imports of and Services Related to Russian-Origin Aluminum, Copper and Nickel, April 15
- BIS Amends EAR to Expand Export Controls on OFAC SDN Listed Persons, March 22
- U.S. Sanctions Hundreds of Entities to Mark the Second Anniversary of Russia’s Invasion of Ukraine, March 4
- U.S. Imposes New Sanctions on Russia to Commemorate Second Anniversary of Russia’s Invasion of Ukraine, February 23
- OFAC Extends Authorizations Under Updated Russia General License 83A, February 22
- OFAC Issues Determinations to Prohibit Import of Russian-Origin Diamonds, February 9
- OFAC Issues Oil Price Cap Compliance and Enforcement Alert Recommending Methods to Mitigate Evasion Risks, February 7
- BIS Implements Additional Sanctions Against Russia and Belarus, January 25
- OFAC Again Extends Authorizations Under Russia General License 13, January 18
- OFAC Updates its Guidance on the Price Caps on Russian Oil and Russian Petroleum Products, January 2
- President Biden Authorizes Secondary Sanctions on Foreign Financial Institutions Facilitating Certain Transactions Involving Russia, January 2
- President Biden Expands U.S. Sanctions on Russia by Authorizing Additional Prohibitions on Imports of Russian Seafood and Diamonds, January 2
2023
- OFAC and State Sanction Over 250 Entities and Individuals in Connection with Russia’s War Against Ukraine, December 12
- OFAC and BIS Further Sanction Belarusian and Russian Entities and Individuals, December 6
- OFAC, State and BIS Announce Further Sanctions on Companies Supporting Russia’s War Efforts, November 7
- OFAC Again Extends Russia-Related General License No. 8 Regarding Transactions Related to Energy, October 25
- OFAC Sanctions Entities for Violations of Russian Oil Price Cap and Issues Price Cap Coalition Advisory, October 13
- BIS Continues to Focus on and Sanction Entities Providing Support to Russia’s Military and Defense Industries, October 11
- U.S., UK and EU Announce Updated List of Controlled “High-Priority” Items Restricted for Export to Russia, September 26
- OFAC Implements Additional Sanctions Targeting Russia’s Technology, Industrial, Construction and Financial Sectors, September 19, 2023
- OFAC Designates Additional Russian Companies, Banks and Vessels to Further Hinder Russia’s Military Efforts in Ukraine, July 21
- Five Eyes Partners Formalize Cooperation on Export Control Enforcement Efforts, June 29
- FinCEN & BIS Issue Joint Alert Encouraging Continued Vigilance Regarding Potential Russia Export Control Evasion, June 26
- Treasury Issues Determinations on Prohibitions Related to Architecture, Engineering, Construction, Manufacturing, and Transportation Sectors in Russia, May 24
- OFAC and State Department Designate and Sanction Over 225 Individuals and Entities Involved in Russia’s War Against Ukraine, May 22
- BIS Issues Final Rules Implementing Additional Sanctions Against Russia and Belarus and Adding Entities to the Entity List, May 22
- OFAC Amends Russia-Related Directive 4 Regarding Transactions with Russian Federation Central Bank and Other Entities, May 21
- OFAC Again Extends Russia-Related General License No. 8 Regarding Transactions Related to Energy, May 8
- Deputies of the G7 Enforcement Coordination Mechanism Discuss Russia Sanctions Evasion, April 28
- OFAC Publishes Alert Warning of Possible Evasion of the Russian Oil Price Cap, April 18
- OFAC and State Department Continue to Target Individuals and Entities Facilitating Russian Financial Transactions and Supporting Russia’s Defense Sector, April 13
- BIS Adds 28 Entities to the Entity List for Supporting Russia’s Military/Defense Industrial Base, April 12
- USTR Releases President Biden’s 2023 Trade Policy Agenda and 2022 Annual Report, March 7
- Commerce, Treasury and Justice Issue Joint Compliance Note on Evasion of Russia Sanctions and Export Controls, March 3
- UPDATED: President Biden Issues Proclamations Increasing the Tariff Rates on Russian Aluminum to 200% and Significantly Increasing Rates on Other Russian Products, March 3
- BIS Adds 37 Entities to Entity List for National Security Risk Activities Involving Burma, China, Iran and Russia, March 3
- President Biden Issues Proclamations Increasing the Tariff Rates on Russian Aluminum to 200% and Significantly Increasing Rates on Other Russian Products, February 27
- New Export Control Measures on Iran Address Iranian UAVs and Their Use by Russia in War with Ukraine, February 27
- Treasury Issues Determination Adding Russia’s Metal and Mining Sector to E.O. 14024 for Potential Sanctions, February 24
- BIS Adds Nearly 100 Russia-Related Entities to Entity List and Tightens Other Export Controls and Lists, February 24
- OFAC and State Department Add Over 200 Russia-Related Individuals and Entities to SDN List, February 24
- Department of the Treasury Previews Additional Sanctions on Russia, February 22
- Treasury Publishes Final Guidance on the Russian Oil Price Cap, February 8
- OFAC Amends Several Russia-Related General Licenses, January 17
- OFAC Publishes Preliminary Guidance on Price Cap to Be Placed on Petroleum Products of Russian Origin, January 4
2022
- BIS Places More Russian Companies on Entity List and Sanctions Alleged Procurement Network, December 16
- OFAC Sanctions Additional Russian Financial Institutions and Persons, December 15
- Treasury Announces Price Cap on Russian Oil, December 5
- Treasury Issues Determination Prohibiting Certain Services Related to the Maritime Transportation of Russian Crude Oil, November 29
- Commerce Downgrades Russia’s Status in Antidumping Proceedings from Market Economy to Non-Market Economy, November 11
- OFAC Extends Russia-Related General License No. 8 Regarding Transactions Related to Energy, November 11
- Commerce, Treasury and State Departments Issue Joint Alert on Russia Sanctions and Export Controls, October 14
- OFAC Expands Russia Sanctions Following Putin’s Illegal Annexation of Four Ukrainian Regions, October 5
- Commerce Adds Numerous Russian Entities to BIS’ Entity List, October 3
- OFAC Publishes Preliminary Guidance on Price Cap to Be Placed on Russian Oil, September 19
- OFAC Extends Authorizations under Russia General License 13 for Payment of Various Fees, September 9
- Price Cap to Be Placed on Russian Oil in Response to Continued Aggression in Ukraine, September 6
- OFAC Issues Russia-Related General Licenses, August 22
- BIS Issues FAQs to Address Evasion and Diversion Concerns, August 19
- OFAC Designates Additional Russian Persons and Entities for Sanctions and Issues Russia-Related General Licenses, August 3
- OFAC Authorizes Provision of Tax Preparation Services to U.S. Individuals Located in Russia, July 15
- OFAC Authorizes Transactions Involving SEFE Securing Energy for Europe GmbH (formerly Gazprom Germania GmbH), July 15
- Department of Treasury Releases Amended General License 6B and a New Fact Sheet on Agricultural Trade with Russia, July 15
- OFAC Sanctions Additional Russian Entities and Persons, June 30
- BIS Adds 36 Entities to the Entity List for Support of Russia, Iran and End-Uses with Military Applications, June 29
- U.S. Bans Gold Imports of Russian Origin, June 28
- U.S. to Increase Tariffs on Imports of Russian Goods; G7 Leaders Commit to Further Sanctions Against Russia, June 28
- OFAC Extends Russia-Related General License No. 8 Regarding Transactions Related To Energy, June 14
- BIS Adds 71 Russian and Belarusian Companies to Entity List, June 3
- OFAC Designates Additional Russian Entities and Persons and Issues Russia-Related General Licenses, June 3
- OFAC Issues Russia-Related General Licenses Regarding Certain Banks and Gazprom Germania GmbH, May 13
- Provision of Certain Professional Services to Russia Prohibited under U.S. Sanctions, May 13
- OFAC Issues General License Related to Patents, Trademarks and Copyrights in Russia, May 11
- OFAC Imposes Additional Sanctions on Russian Telecommunications, Shipping and Defense Companies, May 10
- BIS Expands Russian Export Controls: Significant Expansion of Supplement No. 4 List, May 10
- BIS Creates Russia Export Control Resources Web Page, May 10
- OFAC Replaces 2014 “Ukraine Related Sanctions Regulations” With More Comprehensive Set of Regulations, May 6
- SEC Issues Sample Comment Letter Regarding Disclosure Obligations Related to Russia’s Invasion of Ukraine, May 5
- OFAC Adds Russian Entities to SDN List and Issues General Licenses for Certain Activities, April 21
- Russia Sanctions Disrupt Automotive Supply Chains and Production, April 19
- BIS Expands Export Restrictions on Russia and Belarus, April 11
- President Biden Signs Laws Suspending Normal Trade Relations with Russia and Belarus and Suspending Energy Imports from Russia, April 11
- President Biden Announces Ban on New Investment on Russia; Sberbank, Alfa-Bank and Other Entities Designated as SDNs, April 7
- BIS Adds 120 Russian and Belarusian Companies to Entity List, April 6
- Aerospace, Marine, and Electronics Industry Sectors in Russia Added to Sanctionable Sectors Under Executive Order 14024; OFAC Adds SDN Designations, March 31
- OFAC Issues New Russia-Related General Licenses, March 30
- Webinar Recording – The Global Ripple Effect of the Ukraine-Russia Crisis: The Impact of Sanctions, March 29
- President Biden Issues Sanctions on the Russian Duma and Additional Russian Oligarchs and Defense Companies, March 28
- White House Warns of Imminent Cyberattacks; Describes Threat Mitigation Measures, Thompson Hine Government Contracts and Privacy & Cybersecurity Update, March 25 (View/download PDF.)
- BIS and OFAC Release Details on Air and Maritime Activities Involving Russia and Ukraine, March 21
- Biden Announces Additional Import and Export Restrictions on Russia, March 14
- Biden Calls on Congress to Suspend “Normal Trade Relations” Status of Russia, March 12
- Summary of Recent Financial and Comprehensive Sanctions Related to the Ukraine-Russia Crisis, Thompson Hine International Trade Update, March 9 (View/download PDF.)
- President Biden Bans Imports of Russian Oil, Liquified Natural Gas and Coal, March 9
- State Department and OFAC Sanction Russian Defense Entities, March 7
- BIS Expands Russian Oil Industry Sanctions and Adds Russian Companies to the Entity List, March 7
- President Biden Announces Sanctions on “Russian Elites” and “Intelligence-Directed Disinformation Outlets,” March 7
- Biden Imposes Sanctions on Belarus for “Enabling” Russia’s Invasion of Ukraine, March 4
- OFAC Issues Clarifying Guidance on Its Russia Sanctions and Amends Several General Licenses, March 3
- DDTC Announces Export Prohibitions of ITAR Articles to DNR and LNR Regions of Ukraine, March 1
- OFAC Sanctions Russian President Vladimir Putin and Additional Russian Financial Institutions, Feb. 28
- OFAC Further Expands Sanctions Against Belarus and Russia’s Financial Sectors, Feb. 28
- United States Imposes New Russia-Related Export Restrictions, Feb. 25
- President Biden Sanctions Nord Stream 2 AG as a Result of Russia’s Invasion of Ukraine, Feb. 24
- OFAC Implements Additional Sanctions on Russian Financial Sector and Individuals, Feb. 23
- Webinar Recording – The Global Ripple Effect of the Ukraine-Russia Crisis: The Potential Impact of Sanctions, Feb. 23
- President Biden Imposes Sanctions Regarding Russia’s Efforts to Undermine Ukraine, Feb. 22
- President Biden Imposes Sanctions Regarding Russia’s Efforts to Undermine Ukraine, Thompson Hine International Trade Update, Feb. 22 (View/download PDF.)