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Expert Analysis

How Russia Sanctions May Complicate Contract Obligations

By Frances Jenkins (August 22, 2023, 12:43 PM BST) -- In 2022, a comprehensive package of sanctions against Russia and Belarus were introduced in various jurisdictions by, inter alia, the U.K. Secretary of State for Foreign, Commonwealth and Development Affairs, the U.S. Department of the Treasury's Office of Foreign Assets Control, and the Council of the European Union, which severely restrict contractual parties' abilities to perform their contractual obligations....

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