The U.S. Announces New Sanctions and Export Controls on Russia Following Alexei Navalny’s Death and on the Second Anniversary of the Russia-Ukraine Conflict

On February 23, 2024, the Office of Foreign Assets Control (“OFAC”), U.S. Department of the Treasury, imposed new sanctions on Russia targeting nearly 300 individuals and entities on the SDN list (now totaling over 2,000) and the Bureau of Industry and Security, U.S. Department of Commerce, designated additional 93 entities to the Entity List (which…