International Trade Enforcement Roundup – January 2024 Update

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January saw continuing focus on Russia. First, the Commerce Department’s Bureau of Industry and Security (BIS) expanded export controls on certain goods for Russia and Belarus. Second, a U.S.-Israeli citizen was arrested for illegally exporting thousands of U.S. microelectronics to Russia. Third, the Treasury Department’s Office of Foreign Assets Control (OFAC) designated a United Arab Emirates (UAE) shipping company for violating the oil price cap.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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