Tim O'Toole discussed the Russian sanctions and how they affect government and non-government contractors as well as in-house and outside counsel. The sanctions on Russia pose many new legal hurdles for U.S. entities, but business can still be pursued in a more limited way. Nearly every type of good sold in Russia or to Russians now requires some sort of license, O'Toole said, adding that if a company was liquidating its Russian assets to a local entity – "like pennies on the dollar" – the transaction could be quite burdensome to meet U.S. regulations. O’Toole has counseled clients leaving Russia to destroy items rather than sell them because broken items don't need a license: "If you are leaving Russia, don't forget the sledgehammer."