Recent Developments for June 2, 23rd Edition
In the past two weeks, several significant updates have been made to Russia news and trade restrictions by the United States, Japan, and Australia. Let's take a closer look at these developments.
On May 19, 2023, Australia took action by designating three officials and 21 entities involved in Russian economic or strategic activities. In addition, the Australian government announced an intent to ban exports of Australian machinery and parts to Russia and areas temporarily under Russian control. These updates were provided in collaboration with Moulis Legal.
On the same day, the U.S. Department of the Treasury's Office of Foreign Assets Control issued a new Russia-related General License ("GL
