In an unprecedented and sweeping set of actions, the United States in coordination with its Allies and partners has implemented a robust set of sanctions and export controls against Russia designed to cripple Russia's economy. The unprecedented actions against Russia are intended to deter Russia from continuing its violent invasion of Ukraine and attacks against the Ukrainian people.

The Department of Treasury Office of Foreign Asset Control and the Department of Commerce Bureau of Industry and Security have issued comprehensive sanctions against Russia's financial industry, government investment funds, and oligarchs. In scope and complexity, the Russia sanctions and export controls raise significant compliance challenges for U.S. and global companies conducting business in Russia.

In this Episode, Michael Volkov surveys the sanctions and export controls.