United States Tightens Sanctions against Russia, Iran and North Korea

Highlights: • Increased US risk for non-US businesses dealing with Russia. • Greater disconnects between US and European Union sanctions. • Targeted restrictions against certain deals, anywhere in the world, involving several specific Russian oil companies. Last week, President Trump signed the "Countering America’s Adversaries Through Sanctions Act" (HR 3364), which expands existing sanctions against Russia and adds new measures to the existing sanctions against Iran and North Korea. The expanded sanctions against Russia (“Countering Russian Influence in Europe and Eurasia Act”) in particular create the potential for more complex compliances challenge for non-US companies and is the focus of this update.Click here for more..