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Sanctions Prohibit Provision of Accounting and Other Services to Russia by U.S. Persons

12 May 2022

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Approved Changes

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United States-Russia

As part of a package of further Russian sanctions announced on 8 May 2022, a ban has been put in place on the provision of certain services. This includes that U.S. persons are prohibited from providing accounting, trust and corporate formation, and management consulting services to any person in the Russian Federation. As noted in a fact sheet on the latest package of sanctions, these services are key to Russian companies and elites building wealth and to trying to hide that wealth and evade sanctions. This action builds on previous prohibitions to restrict the export of goods related to aerospace,...