As businesses try to navigate the broader macro-economic problems caused by the Russian aggression—such as rising energy prices, disrupted supply chains, inflation, currency fluctuations, financial market volatility, etc., they are also facing new regulations, as a result of the international sanctions taken against Russia following its declaration of war on Ukraine on February 24, 2022. Indeed, several governments and international organizations, mainly led by the U.S. and the E.U., massively expanded pre-existing sanctions against Russian individuals and businesses right on the day the war started. Almost overnight, the Russian government responded in kind, with sanctions against many countries and international organizations. Today, we discuss the most recent set of international sanctions against Russia, what they mean for businesses, and how to  navigate the challenges they raise practically.

Our guest today is Ethan Heinz, attorney and counsel at Dentons. Currently based in Prague in Czech Republic, Ethan focuses on M&A, corporate work, sanctions, and other compliance work in the European region. Mr. Heinz worked in the Dentons Moscow office for over 13 years and continues to assist international and Russian companies with compliance issues involving Russia and neighboring jurisdictions, in particular with respect to the sanctions programs of the US, EU, and other jurisdictions, as well as with respect to the US Foreign Corrupt Practices Act, the UK Bribery Act, and other anti-bribery regulations. He also advises from time to time on shareholder conflicts and commercial disputes, and has participated in various arbitrations, litigations and mediations.

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