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CLIENT ALERT: U.S. STRIKES AT RUSSIAN OLIGARCHS, OFFICIALS AND ENTITIES, WITH POTENTIAL IMPACT ON NON-U.S. PERSONS

On April 6, 2018 the United States Office of Foreign Asset Affairs (“OFAC”), in conjunction with the State Department, designated to the U.S. Specially Designated Nationals List (“SDN List”) seven of Russia’s wealthiest oligarchs, 12 companies which they own and 17 senior Russian government officials. As a result, any property or interests in property of these individuals or entities, which are subject to U.S. jurisdiction, are now blocked. U.S. persons are prohibited from engaging in any transactions with the designated individuals and entities. Foreign individuals could be subject to U.S. sanctions if they facilitate significant transactions for or on behalf of the designated individuals and entities. To read the full client alert, CLICK HERE