News & Analysis as of

Ports Economic Sanctions

Troutman Pepper Locke

USTR Takes Action to Counter China's Dominance in Maritime, Logistics, and Shipbuilding Sectors

Troutman Pepper Locke on

On April 17, the Office of the United States Trade Representative (USTR) announced proposed trade actions under Section 301 of the Trade Act of 1974 (Trade Act) to counteract China’s systemic dominance in the maritime,...more

The Volkov Law Group

C.H. Robinsom Settles with OFAC for $257,690 to Resolve Iran and Cuba Sanctions Violations

The Volkov Law Group on

C.H. Robinson International Inc. (CHR), a Minnesota-based global transportation and logistics company, has agreed to pay $257,690 to settle civil liability for 82 apparent violations of sanctions against Iran and Cuba...more

Venable LLP

OFAC Issues Sanctions Compliance Guidance and Scenarios for U.S. and International Maritime Industry

Venable LLP on

On October 31, 2024, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued scenario-based guidance specific to the maritime shipping industry....more

Braumiller Law Group, PLLC

Hot Topics in International Trade - June 2022 - Incursion and World Trade, Part 3: Over 120+ Days into the Global Effect of...

Here we are, at the time of this writing over four months into the Russian invasion of Ukraine, with no end in sight. I will personally submit that I am, appalled that this, the murder of innocent civilians and devastation of...more

K&L Gates LLP

United States Bans Russian-Affiliated Vessels From U.S. Ports

K&L Gates LLP on

President Biden issued a Proclamation on 21 April 2022 to “prohibit Russian-affiliated vessels from entering into United States ports.” As discussed in this alert, this action significantly builds upon U.S. sanctions against...more

Bass, Berry & Sims PLC

Russia, Ukraine: Update as of April 27

Bass, Berry & Sims PLC on

The Bass, Berry & Sims international trade team is actively monitoring the situation in Russia and Ukraine and providing real-time advice to clients on managing the situation. This post summarizes new U.S. sanctions and...more

White & Case LLP

United States Imposes Additional Sanctions and Enforces Export Controls Targeting Russia

White & Case LLP on

In late April 2022, the US imposed additional sanctions targeting Russia's shipping industry, as well as individuals and entities determined to be facilitating the evasion of US sanctions on Russia. These measures included a...more

Dorsey & Whitney LLP

United States Bans Russian-Affiliated Ships from Entering Any U.S. Port

Dorsey & Whitney LLP on

On April 21, 2022, President Biden further expanded U.S. sanctions against Russia due to its invasion of Ukraine by issuing a new Presidential Proclamation 10371 (“Proclamation 10371”) to bar all Russian-affiliated vessels...more

Holland & Knight LLP

Proposed Legislation Aims to Block Russian Vessels from U.S. Ports

Holland & Knight LLP on

As sanctions continue to ratchet up in response to Russia's unprovoked invasion of Ukraine, global responses in the maritime sector are moving at breakneck speed. Indeed, several governments are taking steps to block vessels...more

The Volkov Law Group

Global Update and Review: Russia Sanctions and Asset Capture Initiatives

The Volkov Law Group on

The Russia-Ukraine crisis has created a fast-moving compliance nightmare – sanctions and export controls around the globe are changing each day.  Some major companies are pulling out of Russia completely in response to the...more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

BCLP

Burma Sanctions Continue to Sunset (IRB No. 553)

BCLP on

On May 17, 2016, the Office of Foreign Assets Control ("OFAC") amended the Burmese Sanctions Regulations to broaden the scope of permissible trade with Burma. The Burma regulations, which have been amended piecemeal rather...more

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