Impact of Russian sanctions on international arbitration—an update

Article summary

Arbitration analysis: Since the start of the war in Ukraine on 24 February 2022, several States and regional organisations including the UK, the US, and the EU have imposed extensive sanctions on Russia, or considerably reinforced the measures put in place following the 2014 annexation of Crimea. Over the past year, these sanctions have had disruptive effects on international trade and led to many stakeholders reassessing their business relationships. As such, these sanctions are not only leading to disputes that may oftentimes be subject to an arbitration clause, but also have the potential to affect the arbitration process itself. Melissa Ordonez, partner, and Lucas Aubry, associate, at Hogan Lovells, comment on the developments.