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The United States, European Union, United Kingdom, and other nations have imposed significant new sanctions against Russia in response to its invasion of Ukraine. The sanctions imposed focus on several sectors of the Russian economy, including the financial services sector, and target many of Russia’s largest financial institutions, as well as its Central Bank. The rapid pace of new developments in this space, and the complexity of the new sanctions programs, has posed a compliance challenge for businesses around the world.
This session will provide an overview of the U.S., EU, and UK sanctions that have been imposed against Russia, as well as a discussion of compliance best practices and what aspects of the Russian economy could be a focus for regulators in the future.
Please join Bruce G. Paulsen, co-chair of the Litigation Department at Seward & Kissel LLP (New York), and Andrew S. Jacobson, a former New York State Department of Financial Services enforcement attorney and current attorney at Seward & Kissel LLP, and Stephen Gentle (partner) and Cherie Spinks (Of Counsel), both of Simmons & Simmons LLP (London), as they discuss the following:
- An overview of U.S. sanctions laws relating to Russia, as well as recent developments [20 minutes]
- An overview of the EU and UK sanctions regimes for Russia and related recent developments [20 minutes]
- Potential targets in Russia for future sanctions [10 minutes]
- Practical steps to ensure compliance – due diligence, contracting, legal advice – and ensure that you can get the deal done [5 minutes]
Program Level: Update
Intended Audience: Law firm attorneys, in-house counsel, compliance managers, banking industry participants, ACAMS, international trade industry professionals, accounting professionals and policy experts inside or outside of government
Advanced Preparation: None