UPDATE – December 2022 was another busy month for Entity List additions by BIS.
Effective Dec. 21, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) further tightened controls on the Wagner...more
1/19/2023
/ Belarus ,
Blocked Entities ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Military Conflict ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
This update includes the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) recent actions regarding the Russian seaborne oil price cap policy aimed at maintaining the supply of Russian oil to the...more
1/11/2023
/ Belarus ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Crude Oil ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Popular ,
Russia ,
SDN List ,
Ukraine ,
US Department of State
In response to the Russian Federation’s (Russia) egregious and unprovoked invasion of Ukraine that began in February 2022, the U.S. government has deployed a whole-of-government approach in imposing sanctions and export...more
10/26/2022
/ Biden Administration ,
Blocked Person ,
Blocking Sanctions ,
CAATSA ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
Exports ,
General Licenses ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List ,
Trade Restrictions ,
Ukraine
The U.S. Department of the Treasury on October 20, 2022, issued its first-ever Committee on Foreign Investment in the United States (CFIUS) Enforcement and Penalty Guidelines. Publishing of the Guidelines reinforces recent...more
On March 11, 2022, President Biden and the G7 (a group of countries that includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) jointly announced their intention to take steps to revoke...more
President Biden signed an Executive Order prohibiting the importation into the United States of Russian origin crude oil, petroleum, petroleum fuels, oils, and products of their distillation; liquefied natural gas (LNG);...more
The United States and the European Union imposed additional sanctions this week in response to the Russian Federation’s invasion of Ukraine and the United States announced its intention to make sanctions enforcement a...more
3/7/2022
/ Asset Seizure ,
Biden Administration ,
Blocked Entities ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Defense Sector ,
Department of Justice (DOJ) ,
ECCNs ,
Economic Sanctions ,
EU ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Policy ,
Foreign Relations ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
Technology Sector ,
UK ,
Ukraine
Following the imposition last week of wide ranging economic and trade sanctions on Russia for its actions against Ukraine, on February 28, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)...more
On February 23 and 24, 2022, the United States, through the Department of Commerce’s Bureau of Industry and Security (“BIS”) and the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), took significant...more
2/28/2022
/ Belarus ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Commerce Control List ,
Corporate Counsel ,
Economic Sanctions ,
Embargo ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
On February 22, 2022, the United States announced and implemented new economic sanctions targeting the Russian Federation’s financial services sector and persons that operate in the sector. These sanctions are designed to cut...more
A report published by the U.S. Government Accountability Office (GAO) on Dec. 8, 2021, highlights the complexity surrounding cybersecurity compliance for the Department of Defense (DOD) and its contractors. The GAO’s report...more
The Office of Foreign Assets Control (OFACas added another cyber actor to the SDN list. As a result, U.S. persons are prohibited from engaging in any dealings with the State Research Center of the Russian Federation FGUP...more
Effective May 15, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) imposed additional restrictions on dealings with Huawei under an interim final rule published on May 19. The new restrictions...more
Pursuant to an interim rule published on April 29, the Committee on Foreign Investment in the United States (CFIUS) will implement fees for certain filings made on or after May 1, 2020. The fees apply to notice filings...more
As part of its response to the COVID-19 pandemic, the U.S. government has taken measures to ensure domestic supply of personal protective equipment (PPE) by both facilitating imports and restricting exports....more
The president’s issuance of an executive order on March 18, 2020, invoking his authorities under the Defense Production Act of 1950 (DPA or Act) to ensure that our nation’s healthcare system is able to effectively respond to...more
As one would expect, government contractors are critical to the U.S. government’s response to the novel coronavirus disease (COVID-19)....more
As mandated by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the Committee on Foreign Investment in the United States (CFIUS) has issued new regulations (the Regulations) that will become effective on...more