Economic Sanctions and Embargoes

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Updated as of May 24, 2022

The United States is engaging in a new form of warfare. Russia invaded Ukraine just over two months ago and, rather than join the fight directly by sending troops to defend Ukraine, the United States is fighting indirectly by engaging in unprecedented financial warfare against the Russian Federation. The initial export and sanctions actions were swift and severe – but somewhat expected. As the invasion persists, the U.S. Federal Government and individual States also have begun to leverage procurement policy to amplify the financial harm to Russia. This Guide will try to help make sense of the current efforts targeting Russia, the potential impact to government contractors, and proactive steps to mitigate risk.Continue Reading The Government Contractor’s Guide to (Not) Doing Business with Russia

The situation with respect to U.S. sanctions related to Russia and Ukraine is evolving rapidly.  As we previously reported, on March 6, 2014, President Obama issued Executive Order 13660, which authorized the blocking of property of individuals and entities involved in the political destabilization of Ukraine. Under this Order, the U.S. Government was specifically authorized to take the following steps:
Continue Reading Crimea River: U.S. Rushes to Impose Sanctions