Russia Sanctions Have Lawyers Scrambling to Help Clients Comply

International Trade attorney Antonia Tzinova was interviewed by Bloomberg Law about the impact of the sanctions imposed on Russia following its invasion of Ukraine. The U.S. has relied on economic sanctions more frequently as a foreign policy tool in the past two decades. Yet the business community is accustomed to a multi-year ramp-up of new requirements, such as when sanctions were imposed on Iran, rather than a fuller-scale and rapidly shifting rollout that’s now transpiring.

U.S. penalties on Russia have already moved through several stages within a compressed time period, with more escalations remaining a distinct possibility.

Because of the fast-moving situation, companies will have to perform their due diligence multiple times, said Ms. Tzinova.

“What is particularly different is that things are ongoing,” Ms. Tzinova stated. “It’s not like one packet of sanctions and we learn about it and we start applying them.”

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