The global community is considering various legal and other reactions to the unprovoked, unjustified, and aggressive war launched by the Russian Federation and its satellites against Ukraine. Among potential steps on the table are the inclusion of the Russian Federation to the Black List being administrated by the Financial Action Task Force (the FATF) and recognition of the Russian Federation as a state sponsoring terrorism by the Government of the United States of America. One of them or a combination of these actions could become a firm and far-reaching countermeasure targeting financial stability of the Russian Federation, its satellites, and their war machine.

Our experts Oleksandr Kurdydyk, Partner, Head of Banking, Energy & Projects in Kyiv, Co-Head of the firm-wide Energy & Natural Resources and Head of Infrastructure & Projects services, and Ed Olentsevych, Associate, provide an overview of the key aspects in the above context and would be happy to address any further queries you may have in this respect.

Please note that this is the first article in a broader series of publications around this topic. Hence, if you wish to hear more insights on this and other Russia-Ukraine war matters from the Kinstellar lawyers, please consider following our website and social media, or reach out to our legal experts directly.

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