Sanctions Monthly Update – February 11, 2022

Course Duration: 14 minutes
Course Points: 
10

In the power-packed Monthly Sanctions Update for January, international sanctions lawyer Nicholas Turner rounds up the latest events shaping the world of economic sanctions. 

2022 has got off to a busy start and there could be some significant developments in the near future, especially around Russia and Ukraine in response to the potential military activity on the Ukrainian border. 

– This monthly update covers Nick’s take on what type of sanctions could be used on Russia, and what impact it would have for companies all over the world with exposure to Russia, particularly if they rely on the US financial system, or have important touch points with the EU or the UK.

– SDN designations in Myanmar, and a US government advisory for businesses doing transactions with or in Myanmar

– A discussion on how NGOs are shaping the way sanctions are being used and the US Department of Treasury’s efforts at ensuring that sanctions are targeted and do not prohibit, prevent or discourage the provision of humanitarian aid

– An update on sanctions imposed on Mali by the Economic Community of West African States (ECOWAS).