Trade and Manufacturing Monitor
U.S. Department of Commerce Lifts ZTE Denial Order
Today the U.S. Department of Commerce lifted its denial order on Chinese telecommunications firm ZTE Corp., allowing THE U.S. and other companies to resume most business with ZTE. The Commerce Department imposed the…
OFAC Formally Rescinds General License H – Foreign Subsidiaries of U.S. Companies Must Withdraw from Iran
Yesterday the Office of Foreign Assets Control (OFAC) formally rescinded General License H, requiring foreign subsidiaries of U.S. companies to wind down remaining business related to Iran by 11:59 pm EST on November…
Russia Adopts New Counter-Sanctions Law
On June 4, 2018, Russian President Vladimir Putin signed into law new counter-sanctions in response to U.S. sanctions imposed against Russia on April 6, 2018. Under the new law, Putin may, among other things, sever…
New Venezuela Sanctions Announced; Future Sanctions Against Venezuelan Oil Threatened
Yesterday , the President issued a new Executive Order (E.O.) prohibiting certain financial transactions involving the Venezuelan government, including Petroleos de Venezuela, S.A. (PdVSA), the state-owned oil…
DDTC and BIS Propose New Rules to Continue Export Control Reform Initiative
As part of the ongoing Export Control Reform initiative, the Directorate of Defense Trade Controls (“DDTC”) and Bureau of Industry and Security (“BIS”) has issued proposed rules that would move certain items currently…