The international trade and regulatory environment never has been more difficult for multinational corporations to navigate. For companies that operate, source from, or sell goods, software, or services across borders.
On February 24, 2022, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) imposed sweeping restrictions on exports to Russia in response to an invasion of Ukraine. The key changes were threefold..
Beginning on February 24, 2022, the U.S. Department of the Treasury Office of Foreign Assets Control and the U.S. Department of State imposed several successive waves of economic sanctions on Russia following the Russian invasion of Ukraine.