The Bass, Berry & Sims international trade team is actively monitoring the situation in Russia and Ukraine and providing real-time advice to clients on managing the situation. This post summarizes new U.S. sanctions and export restrictions as of April 18. This post supplements our previous summaries, which are available by following the links at the end of this blog post.
President Biden Extends National Emergency under Executive Order 14024
On April 13, President Biden extended the national emergency declared under Executive Order (EO) 14024 for an additional year due to the harmful foreign activities of the Russian government. EO 14024, as expanded by EOs 14039, 14066, 14068, and 14071, provides the overarching authorization for the U.S. government to take the actions described in our updates.