Trade and Manufacturing Monitor
U.S. Authorizes New Sanctions on Ethiopia and Updates ITAR Licensing Policy
Last week, the Biden administration issued a new Executive Order (“E.O.”) that authorizes “menu-based” sanctions on persons determined to be responsible for or complicit in the ongoing crisis in northern Ethiopia, and…
New Authority to Impose Sanctions in Connection with Russian Energy Pipelines
On August 20, 2021, President Biden signed a new Executive Order to further implement sanctions provided under the Protecting Europe’s Energy Security Act (“PEESA”) of 2019. PEESA, which was enacted earlier this year,…
U.S. Authorizes Broader Sanctions on Belarus, Targeting Government and Key Economic Sectors
Today, President Biden issued an Executive Order (E.O.) authorizing the imposition of additional sanctions on the Government of Belarus and a number of key sectors of the Belarusian economy in coordination with the…
OFAC Settlement with Payoneer Inc. Highlights Sanctions Expectations for Online Services
On July 23, 2021, the Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with online money transmitter Payoneer Inc. (“Payoneer” or the “company”) for processing online transactions on behalf of…
U.S. Warns of Heightened Risk of Doing Business in Xinjiang
On July 13, 2021, the U.S. Departments of Commerce, State, Treasury, Commerce and Homeland Security and the Office of the U.S. Trade Representative issued an updated Advisory on supply-chain risks for U.S. businesses…