2022 Trust Forum Presentations

INTERNAL FR/OFFICIAL USE // SECURE EXTERNAL

Ukraine/Russia Sanctions Update

11/3/2022

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INTERNAL FR/OFFICIAL USE // SECURE EXTERNAL

• Ukraine/Russia sanctions exhibit an unprecedented level of international coordination in development and implementation • Collaboration and attempts to align sanctions regimes are clear in numerous actions/initiatives by the U.S., U.K., E.U., and others o Efforts to align sanctions reflect shared policy and national security concerns, but likely also reflect a desire to make compliance more straightforward ƒ Sanctions regimes will never fully align ƒ Variations may pose challenges for compliance, especially for large, internationally active institutions o Ongoing discussions between countries and initiatives to tailor asset forfeiture tools to maximize the impact of joint work General Sanctions

11/3/2022

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