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
UPDATE – Effective September 15, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) implemented a new rule that expanded, revised, corrected and clarified certain provisions of the Export...more
10/25/2022
/ Belarus ,
Bureau of Industry and Security (BIS) ,
Directorate of Defense Trade Controls (DDTC) ,
ECCNs ,
Economic Sanctions ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Licensing Rules ,
Military End Use ,
New Rules ,
Russia ,
Tariffs ,
U.S. Commerce Department
Key Takeaways -
..The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is prohibiting the provision of accounting, trust and corporate formation, and management services to any person in the...more
7/19/2022
/ Biden Administration ,
Blocked Entities ,
Blocked Person ,
Consultants ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
Exports ,
Franchise Taxes ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Service Contracts
On March 15, 2022, the United States added additional Russian and Belarusian individuals and one Russian entity to the Department of the Treasury’s Office of Foreign Assets Control (OFAC) list of Specially Designated...more
On March 11, 2022, President Biden signed an Executive Order prohibiting exports of US-origin luxury goods to Russia and Belarus and Russian and Belarusian oligarchs, broadening the US import ban on goods originating in the...more
3/14/2022
/ Biden Administration ,
Blocked Entities ,
Blocked Person ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
G7 ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
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
In response to Russia’s recognition of the Donetsk and Luhansk People’s Republic Regions of Ukraine (the Covered Regions or DNR and LNR regions, respectively), on Monday, February 21, 2022, President Biden issued an Executive...more
Continued political turmoil in Venezuela has led to additional U.S. sanctions. On Jan. 25, 2019, President Donald Trump amended the various executive orders that authorize sanctions against the government of Venezuela to...more
On Aug. 27, 2018, the U.S. State Department published new sanctions against Russia based on the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) after determining that the government of...more
On July 23, 2018, a variety of U.S. government agencies, namely the Department of State, the Department of the Treasury’s Office of Foreign Assets Control ("OFAC"), and the Department of Homeland Security’s Customs and Border...more
On May 8, 2018, the Trump administration announced that the United States will withdraw from the Joint Comprehensive Plan of Action (JCPOA) entered into between Iran, China, France, Germany, Russia, the United Kingdom and the...more
The Trump Administration has been active on the sanctions front as a means of asserting U.S. foreign policy and national security interests. Congress has also taken an increasingly active and direct role of late, beyond its...more
The Trump Administration has been active on the sanctions front as a means of asserting United States foreign policy and national security interests. Congress has also taken an increasingly active and direct role of late,...more
11/28/2017
/ Bureau of Industry and Security (BIS) ,
CAATSA ,
Cuba ,
Economic Sanctions ,
Executive Orders ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Sudan ,
Trump Administration ,
Venezuela