On 10 November 2014, we published our client publication entitled Navigating Russia Sanctions: US, EU and Japan Update, which updates our previous note on the topic and highlights the key issues and differences in the US, EU and Japanese sanctions targeting Russia.
US, EU and Japanese sanctions targeting Russia are becoming increasingly aligned as a result of each jurisdiction's continued tailoring of sanctions targeting Russia. In each jurisdiction there are now laws which block funds being made available to certain individuals and entities close to the Russian political regime and, more recently, broader rules which aim to restrict Russia's finance, energy and defence sectors. Although the US, EU and Japanese rules are alike in a number of respects, they also diverge in many ways and may not give the same answer to a particular question. This is particularly relevant to international business, where the rules of more than one jurisdiction may be triggered.
Our related client publication is available at: http://www.shearman.com/en/newsinsights/publications/2014/11/navigating-russia-sanctions.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
