Baker McKenzie’s Sanctions Blog published the alert titled “US Department of Commerce implements significant expansion of export controls against Russia” on 1 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “Russia imposes additional economic measures to ensure financial stability of Russia” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “UK introduces new financial. trade and shipping sanctions against Russia” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “EU bans Russian channels” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “US Government imposes additional sanctions on Russia, including the Central Bank of the Russian Federation; implements Russia-related executive order” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “US Government blocks Russian aircraft from using US airspace” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “Canada introduces additional designations including Russian President and Officials, prohibits dealings with Russian Central Bank, Ministry of Finance and National Wealth Fund” on 3 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “New EU sanctions cut-off certain Russian banks from SWIFT and prohibit certain investments in Russia” on 3 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
In a sign that Congress continues to pursue bipartisan efforts to combat the use of forced labor in supply chains, Senators Josh Hawley and Kirsten Gillibrand have reintroduced the Slave-Free Business Certification Act of 2022. The Act would impose significant new compliance and disclosure requirements for many companies, requiring businesses with annual, worldwide gross receipts exceeding USD 500 million to conduct annual audits of their supply chains to detect any use of forced labor, report findings to the US Government, and face potentially significant fines and penalties for violations.
On 24 February 2022, various US government agencies published their respective reports on supply chain policies for six key industrial bases pursuant to Executive Order 14017, “America’s Supply Chains”. These Reports identify key weaknesses in some of the nation’s most crucial supply chains and offer multi-year strategies to help address those weaknesses. The White House issued a statement and capstone report following the publication of the Reports.