Sanctions

BIS
China
Commerce Department
Global Trade
OFAC
Sanctions
SDN

Huawei Temporary License Issued

May 23, 2019:  Effective May 20, 2019, the BIS issued a 90 day license for Huawei and its related entities that were added to the OFAC’s SDN list earlier this month.  This general license is temporary, and will run out on August 19, 2019.  Not all transactions are allowed – check the license language for […]

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EU
Sanctions

EU Cyber Crime Sanctions Regime is Out

May 18, 2019: earlier this week, the EU issued a cyber-attack sanction regime.  The goal is to “deter and respond to cyber-attacks which constitute a threat to EU member states, third States or international organisations” via travel bans and asset freezes on those who are “responsible for cyber-attacks or attempted cyber-attacks, who provide financial, technical […]

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Brexit
Russia
Sanctions
UK

UK Published Regulations on Russia Sanctions Post Brexit

May 15, 2019: Earlier this month, the UK has published regulations that will serve as its Russia Sanctions regulations regime after a no-deal Brexit.  For guidance on UK’s Russia sanctions, click here.  Click the hyperlinks for the full documents.  For a report regarding the purpose of these regulations, click here.

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China
Freshly Brewed
Global Trade
Sanctions

301 Tariff Increase: Tranche 3 Goods on the Water and in Foreign Trade Zones

May 15, 2019:  Effective May 10, 2019 Chinese imports into the US that are covered under the Section 301 third tranche are subject to the new import duty that went from 10% to 25%.  However, according to U.S. Customs and Border Protection updated guidance, the increased duties of 25% will not apply to goods that […]

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Crimea
Freshly Brewed
Global Trade
Russia
Sanctions

Ukraine Imposes Sanctions on Russia

May 15, 2019: Earlier today, the Ukrainian Cabinet of Ministers imposed economic sanctions on Russia in the form of import bans on certain products that can be produced domestically, in Ukraine.  The embargo applies to Russian cement, plywood, mineral fertilizers, certain types of industrial products, vehicles and some other products, according to Deputy Prime Minister […]

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Global Trade
OFAC
Sanctions
SDN
Venezuela

Venezuelan Defense & Oil Sectors – OFAC Sanctions

May 10, 2019:  The US Treasury identified the Venezuelan defense sector as a subject to its sanctions.  The May 10 designations were in response to SEBIN’s illegal arrests of National Assembly members and intend to target those actors who have had a hand in the repressive Maduro defense and intelligence sector.  SEBIN is a is […]

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Freshly Brewed
Global Trade
Iran
OFAC
Sanctions

New Executive Order: Targeting Iran’s Metals Sector

Yesterday, the Trump administration issued an Executive Order (“EO”) to take steps to deny Iran revenue derived from exports of Iranian metals that may be used to fund or support the proliferation of WMDs and terrorist activities.  According to the EO, US persons cannot operate or engage in the Iranian metals sector, engage in significant […]

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Cuba
Freshly Brewed
Sanctions

Helms-Burton: Claims against Companies in Cuba Are Underway

Earlier this week, litigation under Title III of the Helms-Burton Act for “traffick[ing] in stolen properties” begun when plaintiffs started to file claims against US companies legally doing business in Cuba.  Specifically, Carnival Corporation that sails to Havana (under an OFAC license) was named as a defendant in law suits filed in Miami by plaintiffs seeking […]

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Cases
Cuba
Global Trade
Iran
OFAC
Sanctions

Treasury Department’s OFAC – UniCredit Bank Settlements

Earlier this month, OFAC announced 3 settlements totaling $611M with 3 UniCredit Group Banks located in Germany, Austria and Italy.  This was a part of a $1.3B settlement of the banks with other federal and state governments and agencies. OFAC investigated the banks in connection with violations of US sanctions on Burma, Cuba, Iran, Libya, Sudan, […]

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Anti-Corruption
Global Trade
OFAC
Sanctions
Venezuela

Treasury Sanctions Venezuelan Minister of Foreign Affairs

April 26, 2019:  OFAC sanctioned Jorge Alberto Arreaza Montserrat, the Venezuelan Minister of Foreign Affairs, and Carol Bealexis Padilla de Arretureta, both of whom were determined to be current or former officials of the Maduro Government of Venezuela. For information about the methods that Venezuelan senior political figures, their associates, and front persons use to […]

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