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U.S. Extends General License No. 2 Authorizing Transactions with Certain Belarusian Companies

On October 22, 2019, the Office of Foreign Assets Control (OFAC) issued General License No. 2G authorizing U.S. persons to engage in transactions involving nine companies: Belarusian Oil Trade House, Belneftekhim,...more

U.S. Extends General License No. 8, Authorizing Dealings with Certain U.S. JVs in Venezuela

Yesterday, the Office of Foreign Assets Control (OFAC) issued General License No. 8D, authorizing U.S. persons to engage in transactions and activities involving Petroleos de Venezuela, S.A. (PdVSA) that are ordinarily...more

President Trump to Sanction Turkey with Steel Tariffs and Halt Trade Deal

On Monday, October 14, 2019, President Trump announced that the U.S. will increase steel tariffs to 50% as a sanction against Turkey’s military advance into Syria last week. The steel tariffs were originally imposed at 25%...more

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