At the fourth anniversary of Russia’s full-scale invasion of Ukraine, businesses across the globe are accustomed to conducting their commercial affairs with financial and trade sanctions in mind. However, the sanctions landscape does not stand still. What and who is sanctioned, how and why, continues to evolve as Western states look to address the circumvention of sanctions and ensure their continued effectiveness. Increasingly, domestic and international sanctions regimes are adopting new, and sometimes differing, approaches to the challenges encountered, leaving companies with an increasing compliance burden and a heightened risk of breaching sanctions regulations.
In the first of a two-part article, our cross-office sanctions team looks at some of the most important recent developments in the sanctions landscape and how they are playing out in different jurisdictions and regimes. Part two will examine aspects of sanctions compliance that are still causing companies difficulties, particularly when requirements differ across sanctions regimes.
For further information, please contact:
Satindar Dogra, Partner, Linklaters
satindar.dogra@linklaters.com
