Global Connection - The Russia-Ukraine Conflict: How to Prepare for Looming Sanctions
February 24, 2022
By Brett W. Johnson, Derek Flint and Mary Colleen Fowler
As the Russia-Ukraine conflict escalates, the U.S. Government has started to implement new sanctions on Russian entities on top of the ones that already existed. On February 21, 2022, the Executive Order on Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to Continued Russian Efforts to Undermine the Sovereignty and Territorial Integrity of Ukraine (the “Order”) was issued. The Order seeks to cut Russia off from Western financing by prohibiting Western individuals from investing, trading, or financing in the separatist regions. Companies should be prepared to address the current and future sanctions against Russia—and others—to help avoid operational and supply chain disruptions.
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