In its first 50 days, the Biden administration has been busy utilizing sanctions and export controls to support its foreign policy priorities of human rights, multilateralism and support for democratic regimes. The U.S....more
Effective October 17, 2016, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and the U.S. Commerce Department’s Bureau of Industry and Security (BIS) have expanded the scope and nature of transactions...more
With the world powers set to resume meetings in Vienna this week, the question on every U.S. business person’s lips is: will this be the end of sanction on Iran? Despite reports that neither side can afford to walk away...more
On Friday, the White House issued new sanctions against Russia in response to Russian troop advances in eastern Ukraine that helped turn the tide of the conflict. However, a fragile truce was struck a week ago between...more
Despite the imposition of sanctions by the U.S. and EU since March, Russia had not retaliated economically until imposing the August 7 import ban on meat, fish, vegetables and dairy products from the U.S., EU, Canada,...more
Following a steady stream of sanctions by the U.S. and EU, Russia finally retaliated by imposing a ban on food imports. The one-year ban instituted on August 7, 2014, prohibits the importation into Russia of meat, fish,...more
The U.S. Commerce Department’s Bureau of Industry and Security (BIS) hosted its annual update conference from July 29-31 in Washington, DC. Attendance was strong as always, and there was plenty to discuss about the export...more
President Obama announced yesterday the creation of the new Sectoral Sanctions Identification List (“SSI List”) issued pursuant the Russian sanctions program and the addition of two Russian energy companies and two Russian...more
7/18/2014
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UK
Today, the Donetsk and Luhansk regions in eastern Ukraine held referundums on whether to declare independence from the rest of the country. The U.S. and EU view the referendums as heavily influenced by Russia and contrary to...more
The U.S., the EU, Ukraine and Russia met in Geneva on Thursday, April 17 and hammered out a deal to de-escalate tensions in eastern Ukraine. While this development is welcome news, U.S. companies should not celebrate just...more