August 22, 2022

Sanctions Round Up: Second Quarter 2022

Abonnieren

Sprung Link Text

 

SANCTIONS ROUND UP: SECOND QUARTER 2022

With the war in Ukraine raging on, the U.S. continued to escalate its sanctions response against Russia. The U.S. announced extensive trade and investment bans that prohibit U.S. persons from making any “new investment” in the Russian Federation, and imposed additional blocking sanctions on Russia’s largest banks and Russian elites. With the future of a revived JCPOA still in doubt, the U.S. resumed sanctions against Iran’s energy sector, taking aim at sanctions evasion networks tied to its state-owned oil company. Elsewhere, OFAC announced a host of measures targeting North Korea, including virtual currency mixers and North Korea’s WMD proliferation activities. Meanwhile, multiple entities settled allegations that they caused U.S. financial institutions to process transactions involving designated persons and prohibited jurisdictions. The sanctions activity this quarter took place amid a backdrop of notable pronouncements from the Biden Administration, including a commitment that sanctions enforcement would take on a “new level of intensity” going forward.

View full memo, Sanctions Round Up: Second Quarter 2022.

Autoren und Mitwirkende

Katherine J. Stoller

Partner

Litigation

+1 212 848 5441

+1 212 848 5441

New York

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York

Stephen Fishbein

Partner

Litigation

+1 212 848 4424

+1 212 848 4424

New York

Brian G. Burke

Partner

Litigation

+1 212 848 7140

+1 212 848 7140

+86 21 6136 5000

+86 21 6136 5000

New York

Christopher L. LaVigne

Partner

Litigation

+1 212 848 4432

+1 212 848 4432

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Mark D. Lanpher

Partner

Litigation

+1 202 508 8120

+1 202 508 8120

Washington DC

Paula Howell Anderson

Partner

Litigation

+1 212 848 7727

+1 212 848 7727

New York

Adam B. Schwartz

Partner

Litigation

+1 202 508 8009

+1 202 508 8009

Washington DC

Jacob Fields

Associate

Litigation

+1 512 647 1937

+1 512 647 1937

Austin

Cole Pritchett

Associate

Litigation

+1 512 647 1936

+1 512 647 1936

Austin

Alicia Rose

Associate

Litigation

+1 212 848 4514

+1 212 848 4514

New York