Trade and Manufacturing Monitor
New OFAC General Licenses Related to Venezuela’s Oil and Gas Industry
As of February 19, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued several new General Licenses (collectively “the Licenses”) to help reopen and develop Venezuela’s oil…
OFAC Authorizes Transactions Involving Venezuelan Origin Oil: What Companies Need to Know
On Thursday, January 29, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new general license, General License NO. 46 (the License), “Authorizing Certain Activities Involving…
BIS Relaxes Export Controls for Syria
This blog post was drafted with assistance from Sean C. Church, Paralegal On August 28th, 2025, theDepartment of Commerce’s Bureau of Industry and Security (BIS) announced a final rule making changes to the Syria…
White House Terminates Most Syria Sanctions
On June 30, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) implemented the President’s Executive Order “Providing for the Revocation of Syria Sanctions,” (Syria EO) which removes U.S.…
Commerce Department Publishes Artificial Intelligence “Diffusion” Rulemaking
On January 13, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published an interim final rule (IFR) announcing (1) updated controls for advanced computing chips and associated license…