Trade and Manufacturing Monitor
U.S. Imposes Entity List Restrictions on Large Chinese Semiconductor, Shipbuilding, and Drone Companies
Today, the United States added 60 companies in China and 17 companies located elsewhere to the Commerce Department’s Entity List. Among the Chinese firms targeted are chipmaker Semiconductor Manufacturing International…
Four Chinese Companies Added to Coming Securities Ban
Yesterday, the Department of Defense (DoD) designated four additional companies as owned or controlled by the Chinese military, expanding the list of “Communist Chinese military companies” (CCMCs) to 35 companies. As…
Chinese Tech Firm Subject to U.S. Sanctions for Supporting Censorship in Venezuela
On November 30, the United States sanctioned China National Electronics Import and Export Corporation (CEIEC) by adding the Chinese technology company to the Specially Designated National (SDN) List. Treasury’s Office…
New Executive Order Targets Investments in Chinese Companies Linked to the Military
On November 12, 2020, the President issued Executive Order 13959 (the Order) to prohibit U.S. persons from purchasing the publicly traded securities of certain companies that are affiliated with China’s military. While…
OFAC Warns Art Market of Sanctions Risk
Last week, the Office of Foreign Assets Control (OFAC) issued an Art Advisory, warning of the sanctions risk presented by high-value artwork transactions due to the anonymity, lack of transparency, mobility of assets,…