Sanctions, Counter-sanctions and Anticorruption Trends in Russia: Doing Business in the Current Climate

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    In the years since the US first imposed sanctions against Russia in relation to Ukraine, US sanctions have intensified, expanded and became more nuanced. The number of sanctioned Russian persons has increased, as have the number of Russia-based activities and transactions declared “sanctionable” under US law. Moreover, the Sectoral Sanctions Identification (DSSI) List sanctions marked a move away from simply banning transactions with sanctioned persons to a more nuanced set of prohibitions applicable to US companies. 

    Russian response has been limited to date, focused mainly on import sanctions on agricultural products, travel bans on certain US members of government and freezing sanctions on Ukrainian individuals and businesses. Cooler heads have prevailed thus far and retaliatory measures resisted that would be highly damaging to the Russian economy. At the same time, there have been high-profile developments in sanctions enforcement, and white collar crime prosecutions of US nationals in Russia and Russian nationals in the US. For Russian and foreign companies trying to do business together, the current sanctions and enforcement climate has not been easy to navigate. 

    Join attorneys from our Moscow and Washington DC offices for a Lexology webinar as they discuss:  

    • The impact of the current US/Russia legal dynamic on business 
    • Compliance best practices that are necessary to avoid enforcement scrutiny 
    • Creating a roadmap for an effective response to potential instances of non-compliance