Insights

Washington – June 1, 2023: Crowell & Moring earned 82 rankings for 68 lawyers across 48 categories, as well as 37 national and statewide practice area rankings, in the Chambers USA 2023 guide. The rankings are driven by independent interviews of clients and lawyers at peer firms.

Following a meeting of the G7 Summit Leaders, on May 19, 2023, the United States and the United Kingdom announced a new round of sanctions and export controls against the Government of the Russian Federation (“Russia”) to continue their efforts against key sectors of Russia’s military-industrial base. These actions target procurement and evasion networks to curtail the flow of necessary resources Russia needs to maintain and fund its campaign against Ukraine. In this alert, Crowell & Moring attorneys based in our U.S. and UK offices provide a comprehensive overview of the recent multi-jurisdictional actions taken by the respective countries’ government agencies.

On February 24, 2023, the United States and other G7 nations announced a number of new sanctions and export control measures coinciding with the one-year mark of Russia’s military invasion of Ukraine. Shortly after these expansive sanctions and export controls were announced, the Departments of Justice (“DOJ”), the Treasury (“Treasury”), and Commerce (“Commerce”) issued their first-ever joint guidance regarding a planned crack-down by these agencies on sanctions and export controls evasion related to Russia in concert with DOJ’s sweeping announcements of a renewed focus on corporate compliance with sanctions and export controls.

On February 24, 2023, the United States and other G7 nations announced a number of new sanctions and export control measures coinciding with the one-year mark of Russia’s military invasion of Ukraine. Shortly after these expansive sanctions and export controls were announced, the Departments of Justice (“DOJ”), the Treasury (“Treasury”), and Commerce (“Commerce”) issued their first-ever joint guidance regarding a planned crack-down by these agencies on sanctions and export controls evasion related to Russia in concert with DOJ’s sweeping announcements of a renewed focus on corporate compliance with sanctions and export controls.

The United States maintains a complex system of controls over the export of U.S.-origin goods, services, software and technology, which create challenges and heighten compliance risks for companies with global business models.

As regulators on both sides of the Atlantic increase their focus on sanctions and export control evasion, their attention has often turned to the financial services industry.  Join a panel discussion with Crowell, Kharon, and Bank of America regarding these expectations and how to integrate them with the information and tools to which banks realistically have access in today’s global banking ecosystem.  

Join Crowell's Michelle Linderman and Dj Wolff on December 14, 2022, 13:00 UTC for a BIMCO 15 + 15 webinar (15 min presentation, followed by a 15 min Q&A). They will talk about the price cap on Russian oil exports, whereby the G7, along with the European Union and Australia, have agreed to implement a price cap on Russian oil and oil products in order to reduce Russia’s revenues which are funding its war efforts in Ukraine while seeking to ensure energy security.  The price cap is designed to allow companies to provide shipment and insurance of Russian oil and oil products provided that the purchase price is below the agreed price cap, but how has it begun to work in practice, and what are the practical issues being experienced by the different actors in the supply chain?

Please join us for a discussion to explore key issues in the business community as the war in Ukraine continues to reverberate through the global supply chain.

Global Trade Talks is a podcast that shares brief perspectives on key global issues on international trade, current events, business, law and public policy as they impact our lives. In this podcast, hosts Nicole Simonian and Ambassador Robert Holleyman talk to Crowell & Moring Partners Dj Wolff and Carlton Greene, who both specialize in economic sanctions, about the U.S. and global economic response to the Russia-Ukraine conflict and the impact on global supply chain. Specifically, they will discuss what listeners should be looking out for, and help them expect the unexpected.