On 19 August 2026, the Swiss Federal Council adopted extensive amendments to the Ordinance on Measures in Connection with the Situation in Ukraine (the “Ukraine Ordinance”; the following citations in each case refer to the Ukraine Ordinance), thereby completing the
Sanctions & Export Controls Update
The Sanctions & Export Controls Update blog, published by Baker McKenzie, focuses on legal developments and regulatory changes related to international sanctions and export control regimes. It covers topics such as updates on sanctions imposed by governments and international bodies, compliance requirements for businesses, enforcement actions, licensing procedures, and the impact of sanctions on cross-border trade and transactions. The blog also addresses specific country sanctions, dual-use goods regulations, and coordinated international sanctions efforts, providing insights relevant to multinational corporations, legal practitioners, and compliance professionals navigating complex sanctions landscapes.
Latest from Sanctions & Export Controls Update - Page 2
US Government Expands Cuba Sanctions Program with New Designations and General Licenses
On July 23, 2026, the US Department of State designated multiple entities and individuals in Cuba, and the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued three new Cuba-related general licenses.
The actions are intended to…
FinCEN Commits to Forbear from BSA Enforcement for Authorized Financial Services in Venezuela
On July 27, 2026, the US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a statement (here) of enforcement policy committing not to take supervisory or enforcement action against US financial institutions under the Bank Secrecy…
Multiple Governments Issue Joint Alert on North Korean IT Workers
On July 31, 2026, authorities from the United States, Japan, the Republic of Korea, Australia, Canada, France, Germany, Italy, the Netherlands, New Zealand, and the United Kingdom issued a joint alert warning countries, companies, and other entities about the threat…
US: FCC Adds Inverters and Robotics to Covered List
In brief
On July 28, 2026, the Federal Communications Commission (FCC or “Commission”) added foreign-produced power inverters and advanced robotic devices to the Covered List. This placement bars new foreign-produced models from obtaining the equipment authorization required for lawful…
BIS Restricts Exports of Black Mass and Tungsten Waste and Scrap without a License
On August 6, 2026, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) published a temporary final rule (the “Rule“) that restricts exports of black mass and tungsten waste and scrap without a license. Beginning August 27, 2026,…
OFAC Restructures Hong Kong Sanctions Following Expiration of Executive Order 13936
On July 17, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC“) announced certain updates and changes to its Hong Kong-related sanctions program following the expiration of the national emergency declared in Executive Order (“EO“) 13936,…
BIS Grants the UAE Enhanced Favorable Treatment Under the EAR
On July 10, 2026, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a final rule (the “Final Rule”), providing enhanced favorable treatment to the United Arab Emirates (“UAE”) under the Export Administration Regulations (“EAR”). BIS indicates…
Additional Sanctions on Sudan under the Chemical and Biological Weapons Control and Warfare Elimination Act
On July 20, 2026, the US State Department published Public Notice 13072 imposing additional sanctions on Sudan under Section 307(b) of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (the “Act”). The action follows the State…
EU adopts 21st Russia sanctions package
On 23 July 2026, the European Council adopted its 21st package of Russia sanctions as well as additional measures targeting Belarus. The package concentrates on sectors with the greatest impact on Russia’s war economy, including energy, shipping, gold, financial services…