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Associate in the Insolvency Practice at the Mumbai office of Cyril Amarchand Mangaldas. Urja can be reached at urja.dhapre@cyrilshroff.com.

Ripple Effect of Sanctions: How US Measures against Russia affect Indian Businesses

Background

The ongoing tensions surrounding the Russia-Ukraine conflict have led to significant geopolitical shifts, particularly in the realm of international sanctions. In response to Russia’s military invasion of Ukraine, the United States (U.S.) had implemented a series of sanctions to curtail Russian influence and capabilities. A pivotal moment in this effort was the issuance of Executive Order 14024 (“EO 14024”) on April 15, 2021, by President Joe Biden.Continue Reading Ripple Effect of Sanctions: How US Measures against Russia affect Indian Businesses