Additional US, UK and EU Sanctions on Russia

The US, UK and EU continue their unprecedented pace of economic and trade sanctions targeting Russia following our February alert. Compliance with these sanctions generally continues to require screening and due diligence reviews of counterparties, service providers and vendors. We highlight below the developments and new prohibitions on imports and exports, investments, provision of US dollar and eurodenominated banknotes, and sovereign transactions that significantly complicate the US Russia-related sanctions program, as well as the UK and EU regimes.