On March 11, 2022, President Joseph Biden issued an Executive Order (EO) announcing further prohibitions on imports, exports and new investments related to Russia. This announcement was made at the same time that the president and the other G7 leaders of Canada, France, Germany, Italy, Japan and the United Kingdom, as well as the European Union, announced new economic actions which will revoke Russia’s “Most Favored Nation” status (see Update of March 12, 2022) and efforts to deny borrowing … Read the rest
It has been almost three weeks since the U.S. and its allies began imposing serious new sanctions and export control restrictions on Russia and Belarus in response to Russia’s invasion of Ukraine. This post summarizes the state of affairs as of Friday, March 11, 2022.
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Current Status & What’s New
The current sanctions measures still do not amount to a full embargo on Russia, and Russia has … Read the rest