I. U.S. SANCTIONS -
Politico Reports President Trump Will Not Increase Sanctions on Russia to Maintain Peace Talks: On June 25, Politico reported that during an interview with Secretary of State, Marco Rubio, Secretary...more
On June 17, 2025, the European Commission (“Commission”) published a proposal for a Regulation aimed at phasing out imports of Russian natural gas, enhancing the monitoring of energy dependencies, and amending existing EU...more
On 22 May 2025, the European Commission (“Commission”) made public risk classification of countries under the EU Deforestation Regulation (“EUDR”)1 which assigned a low level of risk to 140 countries and high level of risk to...more
INTRODUCTION -
On 8 May 2025 the European Commission announced a consultation on potential countermeasures in response to recent US tariffs on EU products. This development is part of ongoing trade tensions between the EU...more
I. U.S. SANCTIONS -
White House Reportedly Considering Lifting Sanctions on Russian Energy Assets: On April 23, Politico reported that the White House is debating lifting sanctions on Russia’s Nord Stream 2 natural gas...more
4/28/2025
/ Economic Sanctions ,
Energy Sector ,
EU ,
European Commission ,
Export Controls ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Trade Relations ,
U.S. Treasury ,
UK ,
Ukraine
On 19 March 2025, the European Commission ("Commission") unveiled its European Steel and Metals Action Plan ("Steel and Metals Plan"), outlining the short and medium-term work program aimed at enhancing the competitiveness of...more
4/9/2025
/ Aluminum Sales ,
Competition ,
Economic Sanctions ,
EU ,
European Commission ,
Exports ,
Goods or Services ,
Imports ,
Infrastructure ,
International Trade ,
Popular ,
Russia ,
Steel Industry ,
Tariffs ,
Trade Policy
I. US SANCTIONS -
U.S. Agrees to Help Lift International Sanctions on Certain Russian Exports: On March 25, Reuters reported that Washington has agreed “to push to lift some sanctions against Moscow.” This consideration...more
4/8/2025
/ Economic Sanctions ,
EU ,
European Commission ,
Exports ,
Imports ,
International Trade ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
Trade Relations ,
UK ,
Ukraine ,
United States
On 12 March 2025, the United States (US) imposed tariffs of up to 25% on imports of steel, aluminium, and certain products containing steel and aluminium from the European Union (EU) and other trading partners....more
As part of the sanctions packages adopted against Russia and Belarus in the summer of 2024, the European Union (“EU”) introduced novel “best efforts” requirements, which seek to "hamper sanctions circumvention", by "keeping...more
On 2 October 2024 the European Commission ("Commission") made public its proposal to postpone application of the EU Deforestation Regulation ("EUDR"). It also circulated long overdue draft guidelines and updated FAQ in order...more
On March 5, 2024, the European Parliament and the Council of the European Union reached a "political agreement" on a Regulation prohibiting products made with forced labour ("the EU Forced Labour Regulation" or "the EUFLR")...more
4/4/2024
/ Corporate Counsel ,
Critical Infrastructure Sectors ,
EU ,
European Commission ,
Forced Labor ,
Goods or Services ,
Human Rights ,
Retail Market ,
Suppliers ,
Supply Chain ,
Trade Restrictions
On March 12, 2023, the European Parliament ("EP") formally endorsed the adoption of a Directive defining criminal offences and penalties for the violation of European Union ("EU") restrictive measures, colloquially known as...more
On March 5, 2024, the European Parliament and the Council of the European Union reached a "political agreement" on a Regulation prohibiting products made with forced labor on the European Union ("EU") market. While binding...more
I. US SANCTIONS -
US Department of the Treasury Sanctions Almost 300 Individuals and Entities: On February 23, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned almost 300 individuals...more
3/1/2024
/ Asset Freeze ,
Bureau of Industry and Security (BIS) ,
Compliance ,
Economic Sanctions ,
Entity List ,
EU ,
European Commission ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
Imports ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
U.S. Treasury ,
UK ,
Ukraine