On December 22, 2023, President Biden issued Executive Order (EO) 14114, imposing significant new economic sanctions against Russia to address the ongoing national security threat posed by the country’s invasion of Ukraine...more
1/17/2024
/ Banks ,
Biden Administration ,
Blocking Sanctions ,
Compliance ,
Department of Homeland Security (DHS) ,
Economic Sanctions ,
Energy Sector ,
Executive Orders ,
Financial Institutions ,
Foreign Financial Institutions (FFI) ,
General Licenses ,
Imports ,
Military Conflict ,
Military Goods ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
Secretary of State ,
U.S. Commerce Department ,
Ukraine
Last week, on the anniversary of Russia’s invasion of Ukraine, the U.S. Departments of Treasury and Commerce adopted an extensive package of new economic sanctions and export controls targeting key industries, entities, and...more
2/28/2023
/ Aluminum Sales ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Policy ,
General Licenses ,
Imports ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Presidential Proclamations ,
Russia ,
SDN List ,
Tariffs ,
Trade Expansion Act of 1962 ,
Ukraine
On May 8, 2022 the Office of Foreign Assets Control (OFAC) announced that the performance of accounting, trust and corporate formation and management consulting services for persons located in the Russian Federation...more
9/28/2022
/ Biden Administration ,
Consultants ,
Economic Sanctions ,
Executive Orders ,
Financial Services Industry ,
Management Companies ,
Office of Foreign Assets Control (OFAC) ,
Professional Services Companies ,
Russia ,
U.S. Treasury ,
Ukraine
This week, the Biden Administration imposed extensive new export controls and economic sanctions against the Russian Federation in response to its declaration of two independent states in Eastern Ukraine and subsequent...more
2/28/2022
/ Biden Administration ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
Military End Use ,
NATO ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
Earlier this year, the U.S. Government initiated a series of actions to address the People’s Republic of China’s continuing efforts to undermine the autonomy of the Special Administrative Region of Hong Kong (Hong Kong)....more