Publication
Global Connection – Russian-Ukraine Conflict: Expanded Export Sanctions, Preparing for More
By Brett W. Johnson and Mary Colleen Fowler
The United States and the European Union announced new economic sanctions against Russia and Belarus due to the ongoing invasion of Ukraine. It is important to appreciate the timing of the implementation of the sanctions and whether a wind down of operations time period is possible. If dates are not immediate or decisions to exit the Russia market are based on valid public relations concerns, companies should consider the contract breach implications and work toward mitigating risk. The reality is that sanctions will continue to be rolled out and companies can look toward other sanction regulations, such as against North Korea, Cuba, or Iran, to potentially plan out what sanctions could be implemented.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.