Over the past six months, the United States and the European Union have coordinated efforts through sanctions and trade controls to respond to Russian activity in Crimea and Ukraine. There has been a long series of incremental changes to the sanctions and trade controls by the respective government authorities.

For a summary of the state of US and EU sanctions on Russia as of 24 September 2014, please see the recent Reed Smith Client Alert by Leigh Hansson, Michael Lowell, Sian Fellows, David Myers, Alexandra Allan, Alexandra Gordon, Hena Schommer, Laith Najjar, Michael Grant, Paula Salamoun and Tom Evans.