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Money Laundering Bulletin

Ukraine-Russia conflict [17] – sanctions: yachts, jets, SOEs and senators

3/6/22: The United States continues a multi-pronged strategy against Russian interests, setting restrictive measures on the wealthy elite with connections to Putin and designating ‘military end user’ entities. Meanwhile, restaurants and luxury goods outlets in Moscow will find it harder to source caviar, truffles, perfume and furs after Australia expanded its list of banned exports to the country, as well as imposing asset freezes on assorted politically exposed persons and enterprises engaged in hostilities. Herbert Smith Freehills covers the latest legal counters to the Russian invasion.

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