For chief compliance officers of U.S. companies, navigating Russian sanctions and export controls restrictions might feel like a full-time job on its own right now, not knowing when or where violations could occur in an ever-shifting enforcement landscape.
“The scale and scope of this sanctions regime is unlike like anything we have ever seen imposed on a major economy,” said Tom Best, a partner at Paul Hastings. In recent days and weeks, the White House and numerous regulatory and enforcement agencies have implemented sweeping sanctions and export control measures specific to Russia and Belarus, leaving it up to companies to come into compliance at breakneck speed.
