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U.S. Embargoes & Economic Sanctions

The United States, like many other countries, imposes embargoes and economic sanctions targeting specific countries, governments, organizations and individuals for national security and foreign policy reasons. The requirements and prohibitions of these sanctions vary widely depending upon the intended target in question. Some programs prohibit nearly all international and financial activities with the target, while others are more limited in either their scope or the kinds of activities that they restrict.  This area of international law poses significant compliance issues for U.S. companies and their overseas affiliates operating globally. 

ST&R’s attorneys possess extensive experience with each of the various U.S. embargoes and economic sanctions programs. We advise U.S. corporations and their foreign affiliates on the scope and applicability of sanctions program requirements and restrictions to proposed international activities, including exports, re-exports, travel, foreign investments, the provision of financial services, and mergers and acquisitions. Depending upon the program in question, certain activities with sanctioned targets may be permitted. Our attorneys regularly assist clients in determining the applicability of general licenses or other exceptions. We also work with companies to obtain formal advisory opinion guidance from the Office of Foreign Assets Control (OFAC) if warranted, as well as obtain any necessary specific licenses to authorize the clients’ proposed activities or transactions.

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