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Combating Russia's Evolving Sanctions Evasion Efforts

Law360

Against the backdrop of additional U.S. sanctions issued on the one-year anniversary of the Russian assault on Ukrainian sovereignty, which targeted more than 100 individuals and entities and placed further restrictions on Russia's metals and mining sectors, Ian Herbert, along with Brad Dragoon (Principal at Charles River Associates) examine the impact of various sanctions measures that have been imposed on Russia to-date, including bans on imports of advanced technology and luxury goods to Russia and prohibitions on key Russia exports, including gold, crude oil, and refined petroleum products. Herbert and Dragoon consider the efforts taken by Russia to stop attempts by the West to choke the Russian economy and restructure the activities of high-profile Russian nationals, and discuss how we have seen this game play out in the precious metals, energy, and commercial real estate markets.