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OFAC issues guidance on implementation of G7 price cap on Russian crude oil and petroleum products

On 9 September 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published “Preliminary Guidance on Implementation of a Maritime Services...


U.S. prohibits imports of Russian gold and imposes new sanctions in latest measures against Russia

The U.S. Government has imposed additional punitive measures against Russia in response to Russia’s actions in Ukraine. The new measures include a prohibition on imports of...


BIS continues to expand export controls on Russia and Belarus and adds 71 entities to the Entity List

On 2 June 2022, the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) issued two final rules, effective on the same day, that revised the Export...


U.S. expands controls on exports of industrial and commercial goods to Russia

The U.S. Bureau of Industry and Security (“BIS”) has expanded export controls relating to Russia. The final rule imposes license requirements for exports, reexports and...


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

On March 31, to address rising energy prices in the U.S. and globally, the Biden administration announced a record release from the Strategic Petroleum Reserve, of roughly one million...


U.S. restricts exports of luxury goods to Russia and Belarus

The United States Department of Commerce Bureau of Industry and Security (BIS) announced a rule restricting the export of luxury goods to all end-users in the Russian Federation, Belarus,...


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

On March 8, 2022, the United States, United Kingdom, and European Union announced measures intended to eliminate or reduce their reliance on Russian energy imports. Until now, these...


Summary of new energy-related Russian sanctions and measures
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We continue to monitor energy-related sanctions associated with Russia’s invasion of Ukraine, but this is a dynamic situation that is continuously changing. This update is current as...


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

On February 24, 2022, the US Government imposed severe economic sanctions and export controls on Russia. The restrictions consist of two parts: 1) significant financial sanctions on a ...

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