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U.S. Treasury Issues New Guidance on Russian Oil Price Cap

European Union, Russia, United Kingdom, USA - September 13 2022 Our previous blog post discussed the G-7’s recent proposal to impose a price cap on Russian oil in an effort to diminish the energy revenues of the…

Brittany Crosby-Banyai, Jonathan Cross, Daniel Hudson, Kelechi Okengwu, Michael Schoeneberger

Sanctions Tracker - Update on Price Cap on Russian Oil

Russia, Ukraine, United Kingdom, USA - September 7 2022 The finance ministers from the Group of Seven major economies (“G-7”) have issued a plan to impose a cap on the price importers pay for Russian oil…

Brittany Crosby-Banyai, Jonathan Cross, Elizabeth Head, Kelechi Okengwu, Michael Schoeneberger

US Senate Calls for Designation of Russia as a “State Sponsor of Terrorism”

USA - August 8 2022 On July 27, 2022, the US Senate unanimously passed a nonbinding, bipartisan resolution to designate the Russian Federation as a “State Sponsor of…

Brittany Crosby-Banyai, Jonathan Cross, Kelechi Okengwu, Michael Schoeneberger

Sanctions Tracker - Further U.S. Responses to the Crisis in Ukraine

Russia, Ukraine, USA - August 3 2022 The U.S. government has continued to impose additional Russia-related sanctions measures in response to Russia’s invasion of Ukraine. We previously…

Brittany Crosby-Banyai, Jonathan Cross, Kelechi Okengwu, Michael Schoeneberger

OFAC Issues a Finding of Violation to MidFirst Bank for Violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations

USA - July 22 2022 On July 21, 2022, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury issued a Finding of Violation (“FOV”) to…

Brittany Crosby-Banyai, Jonathan Cross, Yash Dattani, Kelechi Okengwu, Michael Schoeneberger