Archives: Russia

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Targeting DoD’s Reliance on Russian Energy

At the end of last month, the Department of Defense (“DoD”) issued a class deviation to implement Section 2821 of the National Defense Authorization Act for Fiscal Year 2020 (“FY20 NDAA”), which seeks to reduce dependence on Russian energy by prohibiting the acquisition of energy sourced from inside Russia for DoD’s main operating bases in … Continue Reading

It’s Worse Than You Think

The Syrian Civil War entered a new phase this week, with the US ending its support for the Syrian Democratic Forces (“SDF”) – a political movement of mixed ethnicities and religions organized around the Syrian Kurdish Democratic Union Party and its paramilitaries – in advance of a large-scale Turkish military operation in northeastern Syria. In … Continue Reading

Russia and Iran Sanctions: Recent Developments

During the past two weeks, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the U.S. Department of State have taken a number of steps toward implementing aspects of the Countering America’s Adversaries Through Sanctions Act (“CAATSA”), a major piece of sanctions legislation passed by the U.S. Congress in July and … Continue Reading

Russian Response To Sanctions?

On October 8, the Russian Duma approved the first reading of a bill that would permit Russian citizens whose property is “unjustly” seized as a result of foreign court decisions to claim compensation from Russia’s treasury.  The bill further authorizes the Russian government to recoup the loss by seizing the property of the foreign state … Continue Reading

Understanding the Russian Move Into Ukraine

In a 2005 Kremlin speech, Russian President Vladimir Putin, characterized the collapse of the Soviet Union as the “greatest geopolitical catastrophe of the Twentieth Century.”  He elaborated on his focus. “As for the Russian nation, it became a genuine drama.  Tens of millions of our co-citizens and co-patriots found themselves outside Russian territory. Moreover, the … Continue Reading

Ukraine After the NATO Summit

President Poroshenko’s appearance at the NATO Summit in Wales over the weekend came at a critical moment for the Ukrainian state.  With increasingly overt Russian backing, the separatists in the east of the country have made significant gains over the last two weeks, opening a new front along the Black Sea coast and threatening to … Continue Reading

Cutting the Salami with Putin

For companies doing business in Russia and following with concern the possibility of further sanctions, next week will be critical. On August 26, senior EU officials will be gathering in Minsk, Belarus. It is likely that Russian President Putin will also be meeting with his Ukrainian counterpart, Poroshenko, for the first time in two months. … Continue Reading

Coordinated EU and U.S. Sanctions Target the Russian Financial, Energy, and Defense Sectors

On July 29, the EU and United States took coordinated steps to expand sanctions targeting the Russian financial services, energy, and defense sectors, including restrictions on energy-related exports to Russia.  The EU also took steps to limit certain types of trade and investment in Crimea, while both the EU and United States identified additional parties … Continue Reading

Will Anyone Act Against Putin?

A myriad of investigators have descended upon Ukraine ostensibly to find out what happened to the downed Malaysian plane.  But much is already plain:  pro-Russian separatists, trained by Russia and  utilizing Russian supplied antiaircraft weapons, mistakenly believed they were aiming at a Ukraine military aircraft. Separatists had shot down a Ukrainian military aircraft earlier in … Continue Reading

New Sanctions Targeting Russian Financial and Energy Sectors

On July 16, 2014, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) imposed an additional wave of sanctions against Russian entities in the financial, energy, and defense sectors.  OFAC established a new Sectoral Sanctions Identifications List (the “SSI List”), which identifies two Russian financial institutions and two Russian energy companies for targeted sanctions.  … Continue Reading

G7 Leaders* Tackle Growth, Stability and Tax Bases; Warn Absent Russia

G7 leaders met last week for the first-time ever in Brussels, and for the first time since 1998 without Russia.  They gave Russia a strong warning and then proceeded to make substantive headway without them on international tax, energy, trade and investment, security and development issues in ways that directly affect companies active in international … Continue Reading

The Iran Negotiations Reach a Critical Point

The chances are no greater than 50 percent that the negotiations with Iran over its nuclear weapons program will succeed.  And even if they do, this will not automatically open the gates for American companies to do business with Iran. Last November, Iran and the five permanent members of the UN Security Council—the US, Britain, … Continue Reading