Introduction According to the official notice on the website of the Office of Foreign Assets Control of the US Department of the Treasury (OFAC), the founders of Alfa Group M. Fridman, P. Aven, G. Khan and A. Kuzmichev, as well as the Russian Union of Industrialists and Entrepreneurs (RSPP) were included in the OFAC SDN List on August 11, 2023. Reasons for Imposing US Sanctions on the...

Introduction The 50 Percent Rule is one of the critical points of the US sanctions policy. It helps to understand how US sanctions work, whom they primarily target, and who falls under them. US Sanctions and the 50 Percent Rule Not only do those individuals and companies on the US sanctions list fall under US sanctions, but also those entities in which blocked persons own 50 percent or...

Introduction US sanctions against the Russian Federation have become diverse and multi-level. As a result, it’s challenging to interpret and apply them to a particular case. However, there are certain fundamental principles that everyone needs to know to understand how the sanctions work in general and to whom they can apply. One of the basic principles is the 50 Percent Rule. The 50 Percent...