The New Russia Sanctions

While sanctions and export controls are sweeping - a methodical approach to managing them will help preserve compliance

The Russian government’s invasion of Ukraine has prompted economic sanctions and new export restrictions that could affect a range of U.S. companies. These measures include sanctions targeting Russian and Belarussian individuals and entities, additional end-use requirements for dual-use items and technology, and additional country-specific export control requirements.

While these sweeping measures seem daunting for compliance professionals, the key is understanding what activities are regulated and how they impact your company.

In this briefing paper we review the key activities:

• Supporting executive leadership with understanding business implications
• Identifying risk through data analysis
• Communicating effectively with internal and external stakeholders
• Validating and updating the company’s sanctions and export-control automated screening system for efficiency and accuracy
• Updating the company’s sanctions and export controls risk assessment and ensuring the implementation of appropriate mitigating controls