Shearman And Sterling

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Nov 09, 2014

Navigating Russia Sanctions: US, EU, and Japan Update

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US, EU and Japanese sanctions targeting Russia are becoming increasingly aligned as a result of each jurisdiction’s continued tailoring of sanctions targeting Russia. In each jurisdiction there are now laws which block funds being made available to certain individuals and entities close to the Russian political regime and, more recently, broader rules which aim to restrict Russia’s finance, energy and defence sectors. Although the US, EU and Japanese rules are alike in a number of respects, they also diverge in many ways and may not give the same answer to a particular question. This is particularly relevant to international business, where the rules of more than one jurisdiction may be triggered. This client publication updates our previous note on the topic, and highlights the key issues and differences in the US, EU and Japanese rules that financial institutions should be aware of.

View full memo, Navigating Russia Sanctions: US, EU, and Japan Update

Authors and Contributors

Masahisa Ikeda

Partner

Capital Markets

+81 3 5251 0232

+81 3 5251 0232

+1 212 848 5378

+1 212 848 5378

Tokyo

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Philip Urofsky

Partner

Litigation

+1 202 508 8060

+1 202 508 8060

Washington DC