As the US and Russia continue to butt heads over sanctions, many are wondering what will happen to all of the property and assets seized from Russian nationals. In this video, international law lawyer Gene M. Burd discusses how the sanctions are impacting Russians and their property holdings both in the US and abroad. Will a boat seized from Roman Abramovich be used to pay victims of the Russian Invasion in Ukraine?
Gene M. Burd, a partner at FisherBroyles, discusses the potential penalties for non-compliance with sanctions on Russia. The video provides an overview of the current state of international law and how businesses protect themselves from inadvertently violating sanctions regulations.