On September 15, President Biden signed an Executive Order (EO) with the first ever formal Presidential direction to the Committee on Foreign Investment in the United States (CFIUS or the Committee). The EO emphasizes the risks that the Committee should
Trade and Manufacturing Monitor
News and Insight from our International Trade Practice Group
Trade and Manufacturing Monitor, published by Kelley Drye & Warren LLP, covers regulatory and compliance developments affecting international trade and manufacturing sectors. The blog addresses topics such as export controls, sanctions enforcement, tariff regulations, and supply chain risks, with a focus on U.S. and global regulatory frameworks. It discusses issues like sanctions circumvention, export denial orders, tariff exclusion processes, forced labor prevention in supply chains, and nuclear nonproliferation controls. The content is aimed at helping companies navigate complex trade compliance requirements, assess risks related to high-risk countries and products, and understand evolving government enforcement actions and policy updates.
Latest from Trade and Manufacturing Monitor - Page 4
U.S. Extends General License Allowing Certain Administrative Transactions with the Russian Government
By Wyatt Mince
On September 8, the U.S. Office of Foreign Assets Control (OFAC) extended a general license authorizing certain administrative transactions involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance…
U.S. Implements New Export Controls on Emerging and Foundational Technologies, Targeting Semi-Conductors and Gas Turbine Technologies
Yesterday, the U.S. Bureau of Industry and Security (BIS) issued an interim rule imposing new export controls on four emerging and foundational technologies. The new rules control two substrates of ultra-wide gap semiconductors; Electric Computer-Aided Design (ECAD) software specially designed…
United States Imposes Next Round of Sanctions Targeting “Substantial” Russian Revenue Streams
Today, the United States imposed another round of sanctions on Russia, targeting Russian elites, universities, and technological institutions.
Blocking Sanctions
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) added the following notable Russian elites to the List of…
EU Imposes Seventh Round of Sanctions: Ban on Russian Gold; New Asset Freezes; Expansion of Existing Measures
Last week, the European Union imposed its seventh round of sanctions on Russia, imposing a range of new restrictive measures. The new sanctions include a ban on dealings in Russian-origin gold, updates to existing sanctions to bolster the effectiveness…
Latest Round of Russia Sanctions: Rostec & New SDNs, Tariff Increases, Entity List, and Ban on Gold Imports
Today, the United States, in coordination with other G7 countries, announced new sanctions, export controls, and import restrictions on Russia. The latest U.S. package of measures include sanctions targeting Russia’s defense sector, Entity List designations, increased tariffs on a broad…
Biden Administration Invokes DPA to Advance Clean Energy Goals
On Monday, June 6, 2022, President Biden invoked the Defense Production Act of 1950 (“DPA”) with the intent to accelerate domestic manufacturing in the renewable energy sector. In addition to furthering the Administration’s clean energy agenda, Deputy Secretary of Defense…
EU’s Latest Sanctions Package Imposes Embargo on Russian Energy; Additional Restrictions On Russian and Belarusian Dealings
Last Friday, the European Union adopted its sixth round of sanctions against Russia, including the highly anticipated ban on imports of Russian seaborne crude oil and petroleum products and the provision of related services, subject to certain exceptions.
The European…
Latest U.S. Sanctions on Russia Target Elites, Steel, Gold, Luxury Firms, and Military Procurement
Today, the United States imposed new sanctions on Russia, targeting Russian oligarch Alexey Mordashov and his companies, other Russian elites, luxury asset management and service companies, and companies involved in procurement for the Russian and Belarusian militaries.
Targeting Russian…