Good Practice

Evolving compliance programs for trading with Russia

Issue 22
April 2022

Author
Elizabeth ShinglerPavit AroraSteven Brotherton
+ About author

Elizabeth Shingler (Richmond) is a Senior Manager in the Global Export Controls and Sanctions practice of KPMG LLP. eshingler@kpmg.com

Pavit Arora (Boston) is an Associate in the Trade & Customs Services practice of KPMG LLP and a member of the Global Export Controls & Sanctions service line. pavitarora@kpmg.com

Steven Brotherton (San Francisco) is a Principal in the Global Export Controls & Sanctions practice of KPMG LLP and leader of the service line. sbrotherton@kpmg.com

KPMG: SMART PRACTICE

The situation in Ukraine has prompted economic sanctions and new export restrictions that could affect a range of companies. These measures include sanctions targeting Russian and Belarusian individuals and entities; additional end-use requirements for dual-use items and technology; and additional country-specific export control requirements.

Between 22 February 22 and 6 April 2022, The Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued 733 ...

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