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Mar 4, 2022 · Potential international arbitration claims against Russia for damage to foreign investments. The Russian actions in Ukraine have prompted wide ranging sanctions by a number of jurisdictions, including the United Kingdom, the United States, the European Union, Canada and Japan. It is possible that Russia will issue policies that restrict or ...
- Do the sanctions affect performance? Economic sanctions may dramatically shift the economics of existing contracts or even render performance impossible.
- Can you go to arbitration? If it is necessary to commence arbitration to enforce rights and resolve a dispute, difficulties may arise when one of the parties to an arbitration is subject to sanctions or controlled by a sanctioned person.
- Can you enforce your award? In the vast majority of cases, recognition and enforcement of foreign arbitral awards - where necessary - takes place under the 1958 United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, known as the "New York Convention".
- Is there scope for investment treaty claims? Sanctions may breach a number of provisions commonly found in most investment treaties. For example, if a state takes action to freeze the assets of an investor in the state, that could amount to a breach of the ability to repatriate returns on investment or even amount to expropriation if it deprives the investor of the economic use and enjoyment of its investment.
- Cutting Russian Banks Off from The U.S. Dollar
- Starving Russia’s Businesses, Military of U.S. Tech
- Steps The U.S. Didn’T Take — Or Hasn’T Yet
Thursday’s sanctions target big Russian banks holding nearly 80 percent of all the country’s banking assets, the Treasury Department said. That includes Russia’s two biggest: state-owned SberBank and VTB. Combined, they hold almost $750 billion in assets, the U.S. said, which is more than half of the entire total in Russia. Thursday’s sanctions on ...
Export controls announced by the Biden administration feature another especially strong piece of leverage the U.S. holds — America’s semiconductors and other advanced high-tech gear. Biden said new U.S. export limits will deprive Russia of more than half of its current high-tech supply. It will “strike a blow” to Russia’s aims to modernize its mili...
Biden says the sanctions against Russia were tailored not to disrupt the global oil and natural gas markets. That’s at a time when time petroleum supply and high prices are making it tough for governments and consumers around the world. The Biden administration itself is under political pressure over rising oil and gas prices. “Our sanctions packag...
Feb 24, 2022 · Russia to Face Massive Costs from its Isolation from the Global Financial and Trade System and Cutting-Edge Technology. Today, the United States, along with Allies and partners, is imposing severe ...
Dec 6, 2021 · Here are 10 areas of tension between the two world powers: Ukraine and possible Western sanctions. The United States has warned Russia it will face “severe costs” including high-impact ...
sanctions, is potentially unenforceable in Russia. Pursuant to the APC amendment, if a sanctioned party has submitted to the jurisdiction of a non-Russian court or an arbitration tribunal in a state where such party’s “access to justice” might be limited by the application of Russia-related
Mar 24, 2022 · United States sanctions over 400 Russian elites, Duma members, and defense companies in coordination with the European Union and G7; U.S. has now ... Inflation in Russia is already spiking, with ...
