April 26, 2022 - The LSTA has published an updated version of one of the LSTA’s Guidance in its popular Regulatory Series, “US Sanctions Issues in Lending Transactions” (click here for the blacklined version which shows the changes made to the previous publication in November 2021).
We periodically update this Guidance to reflect the latest US sanctions and market developments. Given President Biden’s response to the Russia-Ukraine war and the implementation of numerous US sanctions on Russian oligarchs and Russian entities and relating to doing business in Russia, we have updated the Guidance again. Although Russian banks are generally not lenders in the US loan market, the LSTA is currently working on a new part of the Guidance which will address sanctioned lenders and plans to circulate that part next month.
