Backed by colossal resource and financing, the Russian government has been pursuing a war in Ukraine that has wreaked havoc on the nation and its people, provoking international condemnation.

Now, the businesses that have ties to the Russian state, including a swathe of Western-led law firms, are coming under the gaze of the international community. The U.S. and the EU, and to a lesser extent the U.K., are instituting strict economic sanctions in a bid to stifle the Russian economy, such as restricting the movement of international reserves and cutting Russian lenders out of the Swift banking system. This will inevitably have a knock-on effect on law firm fee generation.