Topic
Sanctions
3,138 published works
SmarTrade
Treasury Issues Determinations on Prohibitions Related to Architecture, Engineering, Construction, Manufacturing, and Transportation Sectors in Russia
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero
On May 19, 2023, the Department of the Treasury issued a Determination pursuant to E.O. 14071 that prohibits the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or…
SmarTrade
OFAC Again Extends Venezuela General License for Limited Maintenance or Wind-Down of Transactions Involving PdVSA and Certain Entities
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero
On May 23, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 8L, extending authorization until November 19, 2023 for certain activities previously authorized…
Cleary Foreign Investment and International Trade Watch
UK Russian Sanctions Expanded Following G7 Summit
By Chase D. Kaniecki, Polina Lyadnova, Yulia A. Solomakhina
On 19 May 2023, the UK expanded its list of Designated Persons under the Russia (Sanctions) (EU Exit) Regulations 2019 by adding 86 new persons, comprising 42 individuals and 44…
China Law Blog
Prohibited Party Screening and the Hidden Dangers in China Business Transactions
By Tom McVey & Ngosong Fonkem* If your company is doing business with a Chinese company, it is essential to be aware of the risks associated with prohibited parties under…
International Trade Insights
OFAC and U.S. Department of State Issue New Sanctions and Designates More Than 300 Russian Federation Individuals and Companies Aiding Russia’s War Efforts
By Cortney Morgan, Grant Leach, Emily Mikes, Eric Dama (Former Husch Blackwell Attorney)
On Friday, May 19, 2023, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced the addition of more than 300 Russian Federation individuals and companies as well…
SmarTrade
OFAC and State Department Designate and Sanction Over 225 Individuals and Entities Involved in Russia’s War Against Ukraine
By Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma
On May 19, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of State sanctioned and placed on the Specially Designated Nationals (SDN) List…
SmarTrade
BIS Issues Final Rules Implementing Additional Sanctions Against Russia and Belarus and Adding Entities to the Entity List
By Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma
On May 19, 2023, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a significant Final Rule implementing additional sanctions and revising existing export controls against Russia and…
SmarTrade
OFAC Amends Russia-Related Directive 4 Regarding Transactions with Russian Federation Central Bank and Other Entities
By Scott E. Diamond**, Francesca M.S. Guerrero
On May 19, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an amended Directive 4, “Prohibitions Related to Transactions Involving the Central Bank of the…
GT London Law Blog
UK Imposes New Russia Sanctions on 86 People and Companies, Including Metal and Diamond Industries
By Annabel Thomas, Gavin Costelloe, Bethany Histed, Jack Myers˘
These sanctions have been revealed following an announcement by the leaders of the G7 at this week’s G7 summit where they pledged to take action against Russia and as far…
Trade Compliance Resource Hub
U.S. targets Russian sanctions evasion and expands export controls
By Michael Lowell, Manasi Venkatesh, Lizbeth Rodriguez-Johnson, Paula Salamoun, Justin Angotti, Ozra Ajizadeh
In coordination with the G7 and other international partners, the U.S. implemented new Russia-related sanctions and export controls on May 19, 2023. The U.S. also released an additional select list…