Insights
Client Alert
U.S. Intensifies Sanctions Against Russian Individuals and Entities
April 28, 2014
BY THE GLOBAL TRADE CONTROLS GROUP
The Obama Administration continues to intensify sanctions against Russian officials and entities in connection with the ongoing events in eastern Ukraine, issuing a new list of sanctioned parties on Monday, April 28. The updated list includes seven Russian government officials, who are targeted apparently because of their personal ties to Russian President Putin, as well as seventeen companies, apparently targeted to disrupt Russian foreign trade and financing of the pro-Russian groups in eastern Ukraine. This most recent round of designations further restricts U.S. commerce with Russia and signals that U.S. persons should prepare for the possibility of escalating sanctions as events in the region continue to unfold.
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