Caroline Howard

Baker McKenzie

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US Government Sanctions More than 100 Russia-Related Parties and Prohibits the Import of Russian Gold in Coordination with G7 Allies

Russia, USA - July 1 2022 On June 27, 2022, President Biden and the other G7 leaders issued a statement on support for Ukraine (“G7 Statement”), in which they vowed to sustain…

Kerry B. Contini, Alexandre (Alex) Lamy, Taylor Parker

Biden Administration Relaxes Certain Limited Cuban Sanctions

Cuba, USA - June 14 2022 On May 16, 2022, the Biden administration announced the relaxing of certain limited Cuban sanctions and other regulatory changes to expand…

Alexander Ellis Matthews, Bart M. McMillan, Eunkyung Kim Shin, Jennifer Trock

OFAC Issues a New General License and FAQs for Transactions Involving Afghanistan

Afghanistan, USA - April 22 2022 On February 2, 2022, the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued seven new Frequently Asked Questions (“FAQs”)…

Nicholas F. Coward, Taylor Parker, Eunkyung Kim Shin, Lise S. Test

BIS Expands Sanctions Against Russia and Belarus and Adds Four Countries to Global Export Controls Coalition

Belarus, Russia, USA - April 12 2022 On April 8, 2022, in response to Russia’s ongoing aggression in Ukraine, which has been substantially enabled by Belarus, the US Commerce…

Kerry B. Contini, Lise S. Test

US Government Imposes Sanctions Prohibiting Importation of Russian Energy Products and New Investments in the Russian Energy Sector

Russia, USA - March 14 2022 On March 8, 2022, the White House issued a new Executive Order, “Prohibiting Certain Imports and New Investments with Respect to Continued Russian…

Paul E. Amberg, Meghan Hamilton