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OFAC Authorizes Transactions in Listed Sectors in Connection with Non-Regime Held Areas of Syria

Syria, USA - May 18 2022 The Office of Foreign Assets Control (“OFAC”) issued General License (“GL”) No. 22 on May 12, 2022, authorizing transactions that are ordinarily…

Anthony V. Capobianco, Julia Diaz, Aleksandar Dukic, Ajay Kuntamukkala, Hao-Kai Pai, Stephen F. Propst, Ashley E. Roberts, Deborah Wei

U.S. announces record Strategic Petroleum Reserve release; energy-related Russia sanctions updates

European Union, Russia - April 4 2022 On March 31, to address rising energy prices in the U.S. and globally, the Biden administration announced a record release from the Strategic…

Ari Fridman, Rob Matsick, Amy C. Roma, Stefan Schröder, Mary Anne Sullivan

New measures from the US, UK, and EU aim to significantly reduce reliance on Russian energy supplies

European Union, Russia, United Kingdom, USA - March 10 2022 On March 8, 2022, the United States, United Kingdom, and European Union announced measures intended to eliminate or reduce their reliance on Russian…

Ari Fridman, Rob Matsick, Amy C. Roma

Summary of new energy-related Russian sanctions and measures

Russia, USA - March 4 2022 We continue to monitor energy-related sanctions associated with Russia’s invasion of Ukraine, but this is a dynamic situation that is continuously…

Ari Fridman, Rob Matsick, Amy C. Roma

Summary of February 24 U.S. sanctions and export controls on Russia

Russia, USA - February 25 2022 On February 24, 2022, the US Government imposed severe economic sanctions and export controls on Russia. The restrictions consist of two parts: 1)…

Anthony V. Capobianco, Brian P. Curran, Julia Diaz, Aleksandar Dukic, Ari Fridman, Ajay Kuntamukkala, Stephen F. Propst, Ashley E. Roberts, Deborah Wei