New U.S., UK and EU Sanctions against Russia in Response to Actions in the Donetsk and Luhansk Regions of Ukraine

24 February 2022
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Key takeaways:
  • In recent days, the European Union, United Kingdom and United States have announced new sanctions against Russia in response to actions in the Donetsk and Luhansk regions of Ukraine.
  • These include embargoes of the breakaway territories newly recognized by Russia and targeted sanctions against Russian entities and individuals.
  • Companies conducting business in Russia or with Russian counterparties should continue to assess their potential exposure as Russian forces advance further into Ukraine and western authorities adopt additional sanctions.