James Clark, Ian Hargreaves & James Philippsohn explain both countries’ approach to sanctions on Russia & how businesses should navigate the systems
- Despite both the UK and US imposing sanctions on Russia, and potentially collaborating in several aspects of their sanction policies, there are notable differences in their approaches and the specific policies implemented. These differences create a complex and challenging environment for businesses and individuals.
- While the UK has increased economic pressure on Russia, the US under President Trump may lift certain sanctions.
- This article sets out the difference in type, reach, implementation and enforcement of sanctions in both countries, and explains how that affects businesses and individuals that operate in both jurisdictions.
President Trump made no secret of his intention to change the US’s policy on Russia. Within less than a month of taking office, the US president held a formal telephone call with President Putin, which is believed to be the first official dialogue between the leaders of the US and Russia since February 2022. Since then,
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