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Troutman Pepper Locke

USTR Takes Action to Counter China's Dominance in Maritime, Logistics, and Shipbuilding Sectors

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On April 17, the Office of the United States Trade Representative (USTR) announced proposed trade actions under Section 301 of the Trade Act of 1974 (Trade Act) to counteract China’s systemic dominance in the maritime,...more

Troutman Pepper Locke

OFAC Targets Maritime ‎Companies & ‎Vessels for ‎Violating ‎Russian ‎Oil Price Cap & ‎Issues Related ‎General Licenses

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On December 20, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control ‎‎(“OFAC”) issued General Licenses (“GL”) 81 and GL 82 under the‎ Russian Harmful Foreign Activities ‎Sanctions Regulations, 31 CFR...more

The Volkov Law Group

OFAC Ramps Up Price Cap Enforcement as Coalition Publishes Compliance Advisory for Maritime Oil Industry

The Volkov Law Group on

It looks like the days of Russia’s so-called “shadow fleet” are numbered. The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced Thursday that it had imposed sanctions on two entities, and...more

Stikeman Elliott LLP

Further Canadian Responses to Russia’s Invasion of Ukraine

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Canada has imposed further restrictions on Russia due to its continuing invasion of Ukraine. These restrictions are in addition to those already imposed in the Special Economic Measures (Russia) Regulations as described in...more

Orrick, Herrington & Sutcliffe LLP

New Trade Controls Targeting Russia

In March 2021, three federal agencies promulgated international trade restraints as part of the Biden Administration’s response to alleged mistreatment of Russian opposition leader Alexey Navalny in 2020. Specifically, the...more

Akin Gump Strauss Hauer & Feld LLP

Iran Sanctions Are Here—Breaking Down What This Means For Business

• As of November 5, 2018, the United States concluded the second of two wind-down periods for re-imposition of U.S. sanctions on Iran following the May 8, 2018, announcement that the United States would cease participation in...more

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