Publication

Global Connection – The Russia-Ukraine Conflict: Additional Sanctions and Impact on Global Trade

Feb 25, 2022

By Brett W. Johnson and Mary Colleen Fowler

As Russia continues its invasion of Ukraine, the United States and other countries have intensified economic sanctions against the Russian Federation. These sanctions ride on the heels of initial sanctions issued prior to Russia’s invasion of Ukraine, previously discussed here, which sought to deter the escalating conflict to no avail. These sanctions are in addition to those that have existed or been enhanced since 2014, when Russia invaded Crimea. Companies should continue to evaluate supply chains (both in goods and services), seek assistance from governmental authorities in regard to personnel in the affected region, and consider notices under force majeure clauses in preparation for long term sanctions and impacts on global trade.

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