"Best Practices in Economic Sanctions: Russia Case Study" by Michael Mann

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May 14, 2014

The recent imposition by the United States and European Union of Ukraine-related economic sanctions on Russia illustrates the speed with which world powers can implement a sanctions program that achieves foreign policy objectives and, at the same time, alters the multi-national business environment. Compliance with economic sanctions is a cost of doing business in a globalized economy and ad hoc measures are unlikely to be effective. The challenge, therefore, is to integrate a compliance program that effectively decreases risk while at the same time furthering business objectives.

In this memorandum, Richards Kibbe & Orbe LLP attorney Michael D. Mann outlines compliance procedures for the economic sanctions on Russia and propose a procedure and methodology to developing a proactive approach to compliance.

Please click here to read the memorandum.