In its continuing response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes key economic...more
8/30/2024
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Commerce Control List ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
Imports ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List ,
Ukraine
In a continued effort to hinder Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. ...more
8/30/2024
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Commodities ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Technology ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes key economic sanctions imposed by...more
8/23/2024
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Foreign Policy ,
General Licenses ,
Interim Final Rules (IFR) ,
Military Conflict ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
Technology Sector ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. ...more
5/22/2024
/ Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Entity List ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
General Licenses ,
Human Rights ,
Know Your Customers ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Russia ,
SDN List ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes key economic sanctions imposed by...more
5/3/2024
/ Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Policy ,
General Licenses ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Russia ,
Ukraine
During the first quarter of 2024, there were significant developments in the U.S. sanctions framework. This report summarizes the key developments and provides links to the relevant sources....more
4/18/2024
/ Biden Administration ,
Burma ,
Civil Penalty Fund ,
Compliance ,
Counter-Terrorist ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
Exports ,
Federal Civil Penalties Inflation Adjustment Act of 1990 ,
General Licenses ,
Global Magnitsky Act ,
Humanitarian Assistance ,
Israel/Palestine ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
U.S. Commerce Department ,
U.S. Treasury ,
Venezuela ,
Yemen
The first quarter of 2024 saw numerous developments on the export control front. This report summarizes the key developments and provides links to the relevant Federal Register notices and/or agency announcements....more
4/18/2024
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Antiboycott Requirements ,
Blocked Person ,
Boycotts ,
Bureau of Industry and Security (BIS) ,
Comment Period ,
Compliance ,
Cybersecurity ,
Due Diligence ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Freight Forwarding ,
ITAR ,
Know Your Customers ,
National Security ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
U.S. Commerce Department
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes key economic sanctions imposed by...more
3/8/2024
/ Belarus ,
Belarus Sanctions ,
Defense Sector ,
Economic Sanctions ,
Evasion ,
Export Controls ,
Financial Services Industry ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Technology Sector ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes the key export restrictions...more
3/5/2024
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Defense Sector ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Federal Contractors ,
Foreign Policy ,
General Licenses ,
International Trade ,
Military Conflict ,
Military End Use ,
Military Service Members ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes the key export restrictions...more
2/23/2024
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Commerce Control List ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List ,
Tariffs ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes key economic sanctions imposed by...more
2/23/2024
/ Belarus Sanctions ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Trade Regulations ,
General Licenses ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Popular ,
Russia ,
SDN List ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This alert summarizes key economic sanctions imposed by...more
1/25/2024
/ Belarus ,
Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Financial Services Industry ,
Foreign Policy ,
General Licenses ,
Humanitarian Assistance ,
Imports ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Popular ,
Rare Earth Metals ,
Russia ,
SDN List ,
Ukraine
In response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia since February 24, 2022....more
10/5/2023
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
International Trade ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
Ukraine
The U.S. government recently has taken several actions targeting Iran and Iranian entities for contributing to Russia’s military and defense industrial base to address Russia’s use of Iranian unmanned aerial vehicles (UAVs)...more
3/28/2023
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Department of Justice (DOJ) ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Indictments ,
Iran ,
Iran Sanctions ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine ,
Unmanned Aircraft Systems
This update addresses the full implementation of the price cap policy for crude oil and petroleum products of Russian origin by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). On Feb. 3, OFAC...more
2/21/2023
/ Biden Administration ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Crude Oil ,
Economic Sanctions ,
Embargo ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
G7 ,
General Licenses ,
Infrastructure ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Petroleum ,
Pipelines ,
Popular ,
Russia ,
SDN List ,
SWIFT ,
Ukraine
This update addresses the full implementation of the price cap policy for crude oil and petroleum products of Russian origin by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). On Feb. 3, OFAC...more
2/17/2023
/ Blocked Person ,
CAATSA ,
Crude Oil ,
Economic Sanctions ,
Executive Orders ,
Exports ,
General Licenses ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil Prices ,
Popular ,
Russia ,
Ukraine
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
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
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