Davis Polk on Russia Sanctions – First Tranche of Sanctions in Response to Russian Invasion of Eastern Ukraine

Davis Polk on Russia Sanctions - First Tranche of Sanctions in Response to Russian Invasion of Eastern Ukraine 1

Sanctions include blocking orders against two state-owned Russian financial institutions, expanded restrictions on Russian sovereign debt, and prohibitions on transactions in separatist regions.   Starting on February 21, 2022, the Biden administration began to issue a “first tranche” of economic sanctions against the Russian Federation in response to what President Joe Biden has called “the …

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