Key Takeaways:
- The initial wave of sanctions targeted Russian banks and the financial industry plus individual “inner circle” elites, with more sanctions likely to follow in the coming weeks as events unfold.
- Broad restrictions on debt and equity transactions with certain entities in the Russian financial, energy, and infrastructure sectors.
- Expanded export controls, including foreign-direct product rule restrictions, new license requirements, and Entity List designations impact a wide range of exports to Russia.…