On September 14, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the Department of State, and the Department of Commerce’s Bureau of Industry and Security (“BIS”) announced new sanctions designations and export control guidance related to Russia. These developments are the latest updates in the U.S. government’s ever-evolving response to Russia’s war in Ukraine through economic sanctions and export controls.
Sanctions Designations
OFAC announced the imposition of sanctions on nearly 100 individuals and entities that purportedly benefit from, support, or sustain Russia’s war effort.
