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EU Sanctions under Global Sanctions Regime

The European Council sanctioned six individuals responsible for serious human rights violations in the Russian Federation and in the territories of Ukraine that Russia has temporarily occupied, including violations of freedom of opinion and expression. The individuals listed include prosecutors and judges active in courts established by Russia’s occupying force in illegally annexed Crimea. as well as two members of the Federal Security Service of the Russian Federation (FSB) that either took part in torturing journalist Vladyslav Yesypenko, or conducted the investigations in his case, and those of members of the Crimean Tatar community, and of the Jehovah’s Witnesses in Crimea.

EU, US Begin Legislation to Confiscate Sanctioned Assets

The Council of the European Union has agreed on a negotiating position for a draft directive designed to improve the tracking, identification, freezing, confiscation, and management of criminal assets, While legislation in Washington aims to provide additional aid to Ukraine using assets confiscated from the Central Bank of the Russian Federation and other Russian sovereign assets.

Europe Adopts 11th Sanctions Package

Friday, the EU Council announced the adoption of the eleventh comprehensive package of sanctions, imposing restrictive measures on an additional 71 individuals and 33 entities identified as …

Report Surveys Russian Success in Circumventing Western Sanctions

A paper issued by CSIS, a Washington think tank, details progress to date of the Putin regime in maintaining advanced technology supply lines in the face of Allied sanctions. The report assesses the impact of Western sanctions and allied export regulations on Russia's defense sector, focusing on the production of core weapons and systems.

Justice Indicts Russians for Political Interference and University Initiatives

Four US citizens and three Russian nationals have been charged with conspiracy to use US citizens as illegal agents of the Russian government, including a conspiracy to recruit US citizens from academic and research institutions to participate in a public diplomacy program.

Call for Industry Cooperation in Arms Tracing

The RAPTAC received a briefing by Damien Spleeters, Conflict Armament Research, on chains of supply of components found in Russian and Iranian weapons used in Ukraine, and his organizations outreach to industry.

Allies Finally Budge on Russian Conflict Diamonds

Following through on their commitment to “work collectively on further measures on Russian diamonds,” made after last month’s G-7 Summit, US and European Commission officials met …

Treasury Calls Out UAE for Sanctions Busting

Elizabeth Rosenberg, the assistant Treasury secretary for terrorist financing and financial crimes, added to the drumbeat of criticism of sanction dodging regimes, telling a meeting of Women in International Trade that the UAE was a “country of focus” for the US.

Honeywell Dealer Indicted for Avionics Exports

Justice announced the arrest of the principals of a Kansas avionics distributor for the export of aviation technology from the United States to Russia and Russian end users.

Russian Charged in Procurement Scheme

Ilya Balakaev, 47, of Moscow, was charged In the Eastern District of New York with various offenses related to a years-long scheme to illegally smuggle sensitive devices used in counterintelligence operations from the United States to Russia for the benefit of the Federal Security Service of the Russian Federation (FSB), the principal intelligence and security agency of the Russian government.

Joint Compliance Note on Third Party Actors

Signaling a redoubled focus on countries providing conduits to evade western sanctions, Commerce’s Bureau of Industry and Security, the Department of Justice and Treasury’s Office of Foreign Assets Control, issued a Tri-Seal Compliance Note to …

White House Amps Up Pressure on Russia

The White House marked the anniversary of Russia’s invasion of Ukraine with a raft of spending, tariffs, sanctions and export controls aimed at Russia and her enablers.

On Sanctions Bus or In the Dust – Treasury’s Adeyemo

Countries and firms who wish to trade with the US and EU will have to comply with sanctions regimes, including expanded dual-use restrictions on Russia, according to Deputy Treasury Secretary Wally Adeyemo.

OFAC: Russian Oil Guidance

OFAC issued Preliminary Guidance on Implementation of the Price Cap Policy for Petroleum Products of Russian Federation Origin, giving shippers a window to ship be-fore complying. Russian petroleum …

Wagner Group Sanctioned Further

The Treasury Department’s Office of Foreign Assets Control said yesterday it is taking additional actions to degrade Russia’s capacity to wage war against Ukraine by expanding sanctions …

Russia Oil Trade Rules Issued

OFAC has published a Determination pursuant to Executive Order (E.O.) 14071 to implement the price cap policy for crude oil of Russian Federation origin along with a guidance on the …

Russia Sanctions Dodgers Nabbed

The Commerce Department’s Bureau of Export Administration has suspended the export privileges of two companies and three persons for the unauthorized export to Russia of sensitive items subject …

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April 2024 Export Practitioner

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US, Mexico Disagree on Call Center Resolution

The USTR has requested a Rapid Response Labor Mechanism (RRM) panel under the United States-Mexico-Canada Agreement (USMCA) to resolve a labor dispute at call center operator Atento Servicios, S.A. de C.V. . At the conclusion of its 45-day review period, Mexico found a denial of rights had existed, but determined that Atento Servicios had taken the necessary actions to remediate the denial of rights during Mexico’s review period. The United States disagrees with this determination and is requesting establishment of an RRM panel to review the situation.

$6.6 Billion for Arizona Chip Plant

U.S. Department of Commerce and TSMC Arizona a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.6 billion in direct funding under the CHIPS and Science Act.

PCAOB: Auditor Cheating reflects "inappropriate tone at the top"

Public Company Accounting Oversight Board (PCAOB) Chair Erica Y. Williams announced a record $25 million fine sanctioning KPMG Netherlands for widespread improper answer sharing and the firm's multiple misrepresentations about its knowledge of the misconduct.

Treasury Seeks New Sanctions Tools

The Administration is calling on Congress to give it additional tools to prevent terrorist groups and other malign actors from using crypto-currencies to circumvent US sanctions. Treasury Deputy Secretary Wally Adeyemo told the Senate Banking Committee last week that the Administration needs “additional tools to protect the American people.”

US & UK Institute Joint Metals Trading Ban

In a joint action with UK officials, the Treasury Department issued two new prohibitions to disrupt the revenue that Russia earns from its export of aluminum, copper, and nickel. This new action prohibits the import of Russian-origin aluminum, copper, and nickel into the US and UK, and limits the use of Russian-origin aluminum, copper, and nickel on global metal exchanges and in over-the-counter derivatives trading.

Entity List: UAE, Russian, Chinese Traders Added

Commerce Department’s Bureau of Industry and Security (BIS) added 11 entities to the Entity List .Five of the eleven entities are Russian and PRC entities were added for actions related to unmanned aerial vehicles (UAVs). Of these, four are part of a procurement network for components for UAV applications. These components are used to develop and produce Shahed-series UAVs which have been used by Iran to attack oil tankers in the Middle East and by Russia in Ukraine.

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