Practice

Russia and Belarus Sanctions

The impact of the Russian invasion of Ukraine goes far beyond the tragic images you see on the news or read about on the internet.

Sanctions imposed on Russia and numerous individuals and entities by the U.S., the European Union and other nations can have far reaching consequences for you and your international markets, supply chains, and investors. In our deeply interconnected global economy, Foley Hoag is working with our clients to evaluate, understand, and adapt to the ramifications of each new set of sanctions on their businesses. We are committed to protecting our clients by providing the resources and information required to develop and implement policies and business solutions in this challenging and rapidly evolving situation.

Our team is working hard to make sure you have the information you need. Please visit our publications for our most recent posts and client alerts on the Russia and Belarus sanctions, and bookmark our resource page. 

Experience

  • Represented a global leader in flight deck avionics in conducting an internal investigation and making a voluntary disclosure to OFAC with respect to possible Russia sanctions violations, responding to an administrative subpoena, developing compliance program enhancements, and submitting license applications regarding certain of the products and payments in question.  
  • Represented a biomedical software company in successfully resolving sanctions concerns raised by a financial institution relating to wire transfers to a subsidiary in Russia, and advised the client on the applicability of New York State’s executive actions related to contracting with Russian persons.
  • Advised a data processing company headquartered in Germany on U.S. export controls and sanctions matters with regard to its operations in Russia following the invasion of Ukraine.
  • Represented a Fortune 500 information technology services and consulting company in conducting pre- and post-acquisition due diligence related to export controls and sanctions matters in connection with its acquisition of a European technology consulting company, successfully identifying and resolving potential Russia-related issues prior to transaction close.  
  • Represented a software company in the energy-efficiency industry regarding the impact of U.S. sanctions imposed on a shareholder under the Russia/Ukraine sanctions program, including advising on a variety of operational challenges and obtaining guidance from, and filing a license application with, OFAC to allow the client to take steps to divest of the sanctioned investment.
  • Represented a global supplier of laser systems for welding, engraving and other applications in responding to U.S. government inquiries, including a federal grand jury subpoena, in connection with an investigation of potential Russia-related sanctions and export controls violations.  
  • Advised a leading provider of systems software on how to successfully navigate the significant sanctions, export controls and related operational challenges arising from its sizeable presence in Russia.  
  • Advised a global fintech company on how to address sanctions and AML compliance concerns raised by a financial institution that had suspended the client’s ability to engage in financial transactions, resulting in a full reinstatement of the client’s ability to transact business through the financial institution.
  • Advised U.S.-based medical company importing materials from Russia regarding compliance with Russia sanctions, including in connection with sanctions imposed on Russian financial sector
  • Advised global commodity trading company with operations in Russia regarding how to navigate escalating sanctions imposed against Russia, including in connection with the U.S. ban on new investments in Russia. 

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