The outbreak of the war in Ukraine has brought into focus the use of sanctions as a tool by Western countries to punish Russia and Russian entities. While the use of sanctions as a tool to achieve foreign policy and military objectives is well known, Indian businesses are less aware of the implications of Western unilateral sanctions for dealing with sanctioned countries and sanctioned entities. After providing an introduction to the origin and nature of sanctions, this article also provides an overview of the legal framework of Western unilateral sanctions and their extra-territorial operation with the objective of sensitizing Indian businesses.


Audio Source: An article published on the LKS website in October 2022
Beware of sharks in the water – Navigating trade in a world of sanctions

Author: Jayant Raghu Ram, Principal Associate (LKS)
Voice: Yashraj Chauhan, Associate (LKS)