I. U.S. Sanctions - President Trump Threatens Sanctions on Russia Following Drone Attack on Ukraine: On May 28, Bloomberg reported that President Trump said he was “‘absolutely’ considering new sanctions against Russia as...more
6/2/2025
/ Economic Sanctions ,
EU ,
Export Controls ,
Foreign Policy ,
HM Treasury ,
New Legislation ,
Office of Financial Sanctions Implementation (OFSI) ,
Proposed Legislation ,
Russia ,
UK ,
Ukraine ,
United States
I. U.S. SANCTIONS -
White House Reportedly Considering Lifting Sanctions on Russian Energy Assets: On April 23, Politico reported that the White House is debating lifting sanctions on Russia’s Nord Stream 2 natural gas...more
4/28/2025
/ Economic Sanctions ,
Energy Sector ,
EU ,
European Commission ,
Export Controls ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
U.S. Treasury ,
UK ,
Ukraine
I. US SANCTIONS -
U.S. Department of the Treasury Takes Action Against Russian Efforts to Evade U.S. Sanctions: On January 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated...more
At A Glance -
The second Trump Administration’s "America First Trade Policy" orders a comprehensive review of US trade and economic policies, focusing on trade deficits, unfair trade practices, and the impact of existing...more
1/28/2025
/ Canada ,
China ,
Export Controls ,
Mexico ,
National Security ,
Section 232 ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
Unfair Competition ,
United States-Mexico-Canada Agreement (USMCA)
On January 13, 2025, the US Department of Commerce’s Bureau of Industry and Security (BIS) published an Interim Final Rule (IFR) titled “Framework for Artificial Intelligence Diffusion.” The IFR builds on a long series of...more
I. US SANCTIONS -
U.S. Department of the Treasury Designates Russian Construction Director and Issues Russia-Related General Licenses: On December 18, the U.S. Department of the Treasury’s Office of Foreign Assets Control...more
12/27/2024
/ Asset Freeze ,
Belarus ,
Belarus Sanctions ,
Economic Sanctions ,
Entity List ,
EU ,
Export Controls ,
Exports ,
Foreign Policy ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
Trade Restrictions ,
UK ,
Ukraine
I. US SANCTIONS -
US Department of the Treasury Acts to Curtail Russia’s Use of the International Finance System: On November 21, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated...more
12/6/2024
/ Belarus ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
EU ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
UK ,
Ukraine
I. US SANCTIONS -
U.S. Department of the Treasury Targets Russian Military-Industrial Producers: On October 30, the U.S. Department of the Treasury announced new sanctions on 275 individuals and entities involved in...more
11/6/2024
/ Economic Sanctions ,
EU ,
Export Controls ,
Exports ,
Foreign Policy ,
Foreign Relations ,
G7 ,
Infrastructure ,
Military Conflict ,
Russia ,
U.S. Commerce Department ,
U.S. Treasury ,
Ukraine
I. US SANCTIONS -
U.S. Department of the Treasury Acts Against Russian Virtual Currency Exchanges: On September 26, the U.S. Department of the Treasury announced that its Financial Crimes Enforcement Network issued an...more
10/3/2024
/ Bureau of Industry and Security (BIS) ,
Connected Cars ,
Economic Sanctions ,
Election Interference ,
EU ,
Export Controls ,
Exports ,
Foreign Policy ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
U.S. Commerce Department ,
U.S. Treasury ,
Ukraine ,
US Department of State ,
Virtual Currency
On September 6, 2024, the US Department of Commerce’s Bureau of Industry and Security (BIS) published an interim final rule (IFR) issuing new export controls on quantum computing, semiconductor, and other advanced technology,...more
US SANCTIONS -
US Department of the Treasury Takes Further Action against Russia’s International Supply Chains: On August 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the US...more
8/30/2024
/ Biden Administration ,
Economic Sanctions ,
EU ,
Export Controls ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
General Licenses ,
Military Conflict ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
Supply Chain ,
U.S. Treasury ,
UK ,
Ukraine
On April 24, 2024, President Biden signed into law H.R. 815, the National Security Supplemental (the “Act”). While much of the focus centered on the foreign aid package for Israel, Ukraine, and the Indo-Pacific, the bill...more
4/30/2024
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Cybersecurity ,
Economic Sanctions ,
Export Controls ,
Foreign Aid ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
National Security Supplemental ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Reform ,
Statute of Limitations ,
TWEA
I. US SANCTIONS -
US Department of the Treasury Sanctions Russian Companies Based on a Determination that They Were Supporting Sanctions Evasion: On March 25, the US Department of the Treasury’s Office of Foreign Assets...more
3/29/2024
/ China ,
Economic Sanctions ,
EU ,
Export Controls ,
Foreign Policy ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Supply Chain ,
Trade Relations ,
UK ,
Ukraine ,
US Department of State
On March 7, 2024, the US Department of Justice’s National Security Division (NSD) released a revised Voluntary Self-Disclosure (VSD) Policy (the “VSD Policy”). The VSD Policy substantially tracks the language of the previous...more
On March 6, 2024, the US Departments of Commerce (“Commerce”), Treasury (“Treasury”), and Justice (“DOJ”) released their latest Tri-Seal Compliance Note (“Note”), which focuses on the “Obligations of foreign-based persons to...more
3/14/2024
/ Department of Justice (DOJ) ,
Economic Sanctions ,
Export Controls ,
Extraterritoriality Rules ,
Foreign Relations ,
International Emergency Economic Powers Act (IEEPA) ,
Office of Foreign Assets Control (OFAC) ,
Self-Disclosure Requirements ,
U.S. Commerce Department ,
U.S. Treasury ,
US Trade Policies
I. US SANCTIONS -
US Department of the Treasury Sanctions Almost 300 Individuals and Entities: On February 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned almost 300 individuals...more
3/1/2024
/ Asset Freeze ,
Bureau of Industry and Security (BIS) ,
Compliance ,
Economic Sanctions ,
Entity List ,
EU ,
European Commission ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
Imports ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
U.S. Treasury ,
UK ,
Ukraine
Following the invasion of Ukraine by Russia on February 24, 2022, the United States ("US"), the European Union ("EU"), and the United Kingdom ("UK") adopted—together with their allies—successive waves of sanctions, in an...more
2/28/2024
/ Critical Infrastructure Sectors ,
Economic Sanctions ,
Entity List ,
EU ,
Export Controls ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
UK ,
Ukraine ,
Vladimir Putin ,
White Collar Crimes
China made significant changes to the country’s export control rules in 2023, imposing new controls and modifying existing controls across multiple industries and technical areas. As discussed in our prior Legal Update (China...more
On January 16, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) announced important updates to its Voluntary Self-Disclosure (“VSD”) process in a memorandum addressed to all export enforcement...more