Russia Sanctions Update & Complying with the OFAC 50% Rule



Date: May 16, 2018

Time: 11:00 a.m.–12:30 p.m. Eastern

Location: Webinar

Russia sanctions have been one of the dominant issues of the export regulatory landscape in recent years. These sanctions have translated into, among other things, challenging screening requirements for U.S. exporters, not only for exports to the ever-growing list of “blocked persons” designated under the Russia-related sanctions, but also for exports to entities with an aggregate of 50 percent or more direct or indirect ownership interests by such blocked persons. Nixon Peabody Partner, Alexandra Lopez-Casero and Sensata Technologies’ Director of Global Trade Compliance, Kenneth Carlstedt, will present a timely webinar on May 16, 2018 from 11:00 a.m.–12:30 p.m. (Eastern).

Topics will include:

  • The U.S. sanctions related to Russia, including requirements for compliance.
  • Compliance with the OFAC 50% rule, including its particular relevance in Russia and best practices for screening due diligence.
  • The trickle-down impact that the sanctions have had on exports, including license requirements and financing of transactions.
  • Guidance for meeting the challenges associated with these sanctions, as well as practical steps for mitigating risk.

For more information or to register, please visit www.mass.gov/export.

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