As the Russian invasion of Ukraine approaches the one-month mark, the United States, United Kingdom, and the European Union have continued to impose significant additional economic sanctions and trade controls targeting Russia. Among other noteworthy developments, the importation of certain Russian-origin goods, such as seafood, alcoholic beverages and non-industrial diamonds, has been stopped, and the exportation of products and technology, including luxury goods and aerospace technology, to Russia also has been restricted. In addition, measures to revoke Russia’s and Belarus’ Most Favored Nation status have advanced. Russian oligarchs have continued to be aggressively targeted. Steps to launch and fortify the previously-announced Russian Elites, Proxies, and Oligarchs (REPO) Task Force, including the EU’s ‘Freeze and Seize’ Task Force and the United States’ Task Force Kleptocapture, have advanced. In light of the continuing rapid pace of developments, Sullivan & Cromwell LLP expects to publish future updates as material developments warrant.