Trade and Manufacturing Monitor
U.S. Hits Venezuela and Petróleos de Venezuela (PdVSA) with Financial Sanctions
On Friday, August 25th, the U.S. government announced new financial sanctions on Venezuela. The move is the most recent U.S. response to the escalating political and humanitarian crisis in the country. The new…
U.S. Targets Chinese and Russians for North Korea Dealings
The Office of Foreign Assets Control (OFAC) designated 16 parties as Specially Designated Nationals (SDNs) today, effectively seizing their assets in the United States, blocking them from doing business with U.S.…
New Russia, Iran, and North Korea Sanctions Become Law
Today the President signed landmark legislation into law mandating new and enhanced sanctions on Russia, Iran, and North Korea. As noted in our prior posts, here and here, the law will tighten existing sanctions on…
OFAC Penalizes Singaporean Communications Provider $12 Million For Iranian Transactions Conducted In U.S. Dollars
Global communications solutions provider, CSE TransTel, a subsidiary of CSE Global Limited (both based in Singapore), recently agreed to settle Iran sanctions charges leveled by the U.S. Treasury Department’s Office of…
U.S. Blacklists the President of Venezuela as a Specially Designated National (SDN)
Today the U.S. Office of Foreign Assets Control (OFAC) took the unusual step of blacklisting the leader of a foreign country as a Specially Designated National (SDN). OFAC added Nicolas Maduro, the President of…