News & Analysis as of

Economic Sanctions

A&O Shearman

U.S. tariffs in the pharmaceutical sector

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Since taking office in January 2025, the Trump Administration has announced, imposed, or reimposed various tariff-related restrictions on articles imported into the United States. These proposed tariffs and their...more

Hogan Lovells

Proposed EU countermeasures to target U.S. exports

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On 12 March 2025, the EU announced that it will impose countermeasures in response to new tariffs imposed by the US on steel and aluminium imports. The EU countermeasures are twofold: First, the European Commission will...more

Mayer Brown

UK Weekly Sanctions Update - Week of March 10, 2025

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AT A GLANCE - In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a...more

Cooley LLP

EU and UK Sanctions Developments

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Recent geopolitical events have prompted further changes in the European Union (EU) and UK sanctions regimes against Russia, Belarus and Syria....more

K&L Gates LLP

European Union Adopts 16th Package of Sanctions Against Russia, Further Impacting the Aviation Industry

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On 24 February 2025, the European Union adopted the 16th Russia sanctions package. The new measures amending the framework Council Regulation (EU) 833/2014 are found and included in Council Regulation (EU) 2025/395. They...more

Skadden, Arps, Slate, Meagher & Flom LLP

Latest EU Sanctions Extend Asset Freezes, Restrict Oil Industry Dealings and Target ‘Shadow Fleet’

The European Union (EU) has reaffirmed its sanctions policy toward Russia by implementing two rounds of restrictive measures that are intended to further intensify pressure on Russia’s government and economy. Specifically,...more

Benesch

China Maritime Section 301 Investigation - Public Comments Due Next Week

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Domestic U.S. shipping interests are closely monitoring a United States Trade Representative (“USTR”) proposal for import and export trades involving Chinese vessels. The proposal’s extraordinary service fees and restrictions...more

Akin Gump Strauss Hauer & Feld LLP

EU/UK Russia Sanctions: Potential De-escalation of Sanctions and Divergence from U.S. Regime

Background - The war in Ukraine has taken a new diplomatic turn in recent weeks. Having historically aligned with the European Union (EU) and United Kingdom (UK) on its condemnation of Russia’s war in Ukraine, and the need...more

Husch Blackwell LLP

EU Announces Countermeasures in Response to US Tariffs on Steel and Aluminum

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The European Commission announced countermeasures to address the impact on EU businesses and consumers in response to the US reinstating 25% tariffs on steel imports and increase of the existing 10% tariff on aluminum imports...more

Wiley Rein LLP

[Podcast] Peeling Back the Bruising History of the Banana Trade

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Join hosts Diana Shaw and Tatiana Sainati as they explore the fascinating and dark history of the banana trade in the latest episode of Wicked Coin. From the entrepreneurial spirit of Minor Cooper Keith in the late 1800s to...more

Mayer Brown

UK Weekly Sanctions Update - Week of March 3, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world...more

Troutman Pepper Locke

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

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On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

Foley Hoag LLP - White Collar Law &...

Review of International Trade Enforcement in the U.S., E.U., and UK in 2024 and What to Expect in 2025

This is the final in our 2025 Year in Preview series examining important trends in white collar law and investigations in the coming year. Throughout 2024, enforcement of international trade laws continued to gather pace...more

Ropes & Gray LLP

The Illumina Ban and What It Means for Life Science Companies

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Amid increasing economic tensions with the United States, China recently announced that it would ban Illumina, a U.S.-based company and the world’s leading producer of gene-sequencing machines, from importing its gene...more

The Volkov Law Group

Israeli Freight Forwarder Sentenced to Two Years in Prison for Violating U.S. Export Controls on Aircraft Components to Russia

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The recent sentencing of Israeli freight forwarder Gal Haimovich to two years in federal prison for violations of U.S. export controls serves as a striking example of the aggressive enforcement posture adopted by U.S....more

A&O Shearman

Widening the sanctions net in uncertain times: latest developments in the U.S., EU, and U.K.'s sanctions targeting Russia

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In the context of the third anniversary of Russia’s invasion of Ukraine, the U.S., EU, and U.K. continue to implement new measures to stifle Russia’s war efforts. The Biden administration continued to escalate sanctions...more

Troutman Pepper Locke

Latest Sanctions Developments: Venezuela, Russia, and Yemen

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The Trump administration continues to ramp up sanctions on Venezuela and Yemen's Houthis, while sending mixed signals about its intentions with respect to Russia. We provide brief updates on these three areas, following up...more

Pillsbury - Global Trade & Sanctions Law

EU and UK Sanctions Updates to Mark the Three-Year Anniversary of the Invasion of Ukraine

On February 24, 2025, the EU adopted its 16th package of sanctions against Russia, Belarus and non-government-controlled areas of Ukraine, symbolically marking the third anniversary of the start of Russia’s invasion of...more

Mayer Brown

UK Weekly Sanctions Update - Week of February 24, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world...more

Hogan Lovells

Caught in the crosshairs: Mitigating supply chain risks from Cartel FTO designations

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On February 20, the U.S. Department of State (State) designated eight cartels as Foreign Terrorist Organizations (FTOs). These designations are the latest development in the Trump administration’s realignment of the U.S....more

Alston & Bird

In Sudden Shift, President Trump Threatens New Sanctions Against Russia

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Despite recent reports indicating that the Trump Administration is looking into possible options to ease sanctions against Russia, the President took to social media to threaten exactly the opposite....more

Benesch

New Geopolitical Risks and Strategies for U.S. Supply Chains

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Geopolitical risk is emerging as one of the greatest challenges facing domestic and international business today. It has risen from a boardroom issue to one drawing the awareness and attention of both personnel and the...more

Husch Blackwell LLP

Week Seven in Trade – First 100 Days of the New Administration

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The tariffs imposed by President Trump on Canada and Mexico under the International Emergency Economic Powers Act of 1977 (IEEPA) went into effect on March 4, 2025. Our initial posting on this development can be found here....more

Proskauer Rose LLP

Regulation Round Up - February 2025

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

Alston & Bird

Will the Trump Administration Ease Russia Sanctions?

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Recent news out of the White House indicates that the Trump Administration is seeking to distance the U.S. from Ukraine as a part of ongoing peace talks with Russia. Reuters is now reporting that the White House has...more

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