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Following a 16-month diplomatic effort, on October 6, 2017, the U.S. government announced that it will terminate the vast majority of economic sanctions against Sudan. The revocation will be effective on October 12, 2017. Sanctions against South Sudan will remain in place as will sanctions in response to the situation in Darfur. The EU position regarding Sudan and South Sudan remains the same as it has been since 2014 and 2015 respectively. As a result,…
Before President Obama’s exit from The White House, he removed most of the sanctions in place against Sudan.  While President Trump and the Secretary of State ultimately have the final decision, it is believed they were consulted by the Obama administration about these changes.  The relaxed Sudan sanctions will allow U.S. persons to engage in virtually all commercial transactions with Sudan and the government of Sudan.  To learn more about the new general click here
As a direct result of nuclear and ballistic weapons tests conducted by the Democratic Peoples’ Republic of North Korea earlier this year, the United Nations, the European Union and the United States imposed increased sanctions against the country.  These new restrictions affect various industries, including minerals, energy, shipping, banking, finance, and aviation. In keeping with Reed Smith’s continued efforts to keep clients abreast of the latest global developments in sanctions enforcement, the firm recently issued…
Reed Smith has been closely monitoring developments in U.S.-Cuba relations.  With President Obama’s historic visit to Cuba in the books, we invite you to take a closer look at some recent amendments that were made to Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR).  These changes provide significant benefits in the travel, shipping, finance, humanitarian and educational sectors. For more information on this topic, please click here.…
In keeping with the continued efforts of the White House to re-establish diplomatic relations with Cuba, the United States recently modified its stance on travel to Cuba and eased certain export restrictions.  Reed Smith’s International Trade & National Security team has authored a client alert that summarizes the policy amendments, and explains the implications for businesses and investors engaging in business with Cuba. For more information on this topic, please click here.…
Should “cyber products” be added to the United States Munitions List (USML)? Cyber-hacking and cyberterrorism are growing concerns for the national security of the United States, so this question could not go unanswered. The Defense Trade Advisory Group (DTAG) decided that “cyber products” should not be added to the USML. The addition of this broad term could have led to licensing fees and other hindrances for private software companies. This is not to say that…