Russia Sanctions Have Lawyers Scrambling to Help Clients Comply

Attorneys are inundated with calls from clients struggling to figure out how to deal with broad sanctions imposed on Russia following its invasion of Ukraine while seeking clarity about additional restrictions getting released on a rolling basis.

It will take many weeks for companies to wind down their business with Russian banks and assets that are on their books, said Michael Parker, who heads the anti-money laundering and sanctions practice at law firm Ferrari & Associates.

“What you’re talking about is a full-blown new sanctions program effectively shutting the financial industry of a major state-power out of the ...