Economic restrictions applicable to dealings with Russia continue to tighten on the basis of events in the Ukraine conflict, and the U.S. Justice Department has announced a new task force.
In response to the increased escalation in Ukraine, on February 24, 2022, the United States imposed another round of sanctions against Russian financial institutions, state-owned agencies.
In response to Russia's invasion of Ukraine, President Biden announced sanctions against Russia. Following an executive order issued on February 21, 2022, the U.S. Department of Treasury's Office of Foreign Assets Control.