OFAC Russian Sanctions Regulations: How OFAC Sanctions in Response to the Ukraine War Have Changed the International Banking Landscape
Program Number
Program Date
CLE Credits
The issuance of continuing Executive Orders by the Biden Administration as a result of and in response to the Ukraine war, and as part of its efforts to punish Russia for the invasion of Ukraine, have resulted in wide ranging US and European sanctions against Russia’s economy, government, financial system and exports. In response, Russia has imposed counter sanctions against “unfriendly” countries, which includes the United States and the European Union. The consequences have been far reaching and have had a profound effect on all those who had been doing business in Russia, those with investments in Russian securities and assets; those involved in trade and commerce in the country and in the region; and significantly, the movement of funds to and from and through Russia.
This program will address the wide ranging Russia sanctions imposed both by the US through the US Department of Treasury Office of Foreign Assets Control (OFAC); the sanctions programs issued and being implemented by OFAC and the counter sanctions imposed by Russia; the process for obtaining licenses from OFAC to address and seek relief from the sanctions; and how both the US, EU and Russian sanctions have had a crippling effect on the movement of funds in the region; both transferring funds out of Russia; and moving currency from Russia abroad.
Special focus on OFAC processes and the OFAC regulations promulgated under Executive Order 14024.
Available in States
- California
- Colorado
- Florida
- Georgia
- New Jersey
- New York
- Texas Self Study
Program Categories
- Banking & Finance Law
- Federal Courts
- Florida Eligible
- International Law
- International Law & Global Trade
PROGRAM CREDITS
- Areas of Professional Practice : 1 Credit
