Trade and Manufacturing Monitor
Export Compliance Obligations for Transactions between U.S. Companies and India to be Reduced
In the near future, trade between the U.S. and India will likely be simplified. Late last week, the Wassenaar Arrangement admitted India as a member (India’s membership will be formalized shortly), and the Australia…
U.S. Issues Enhanced Sanctions on Russian Energy Sector
As required under recent sanctions legislation, the U.S. Office of Foreign Assets Control (OFAC) recently issued an updated Directive 4 that will expand sectoral sanctions on the Russian energy industry. The new…
New Sanctions Placed on Trade with Cuba
On Thursday November 9th, the Office of Foreign Assets Control (“OFAC”) published new regulations in the Federal Register executing June’s National Security Presidential Memorandum (“NSPM”) regarding U.S. sanctions…
Secondary Sanctions Targeting Russia’s Defense and Intelligence Sectors Move Closer to Implementation
Last Friday the State Department belatedly released a list of 39 Russian entities that operate as part of Russia’s defense and intelligence sectors (the full list is below). Congress required the Trump Administration…
OFAC Extends Sanctions Relief for Belarussian Conglomerates
Today the Office Foreign Assets Control (OFAC) extended sanctions relief for nine Belarussian conglomerates, including Belneftekhim. OFAC has authorized transactions with the listed Belarussian Specially Designated…