Trade and Manufacturing Monitor
Congress Passes Landmark Russia Sanctions
Last night the U.S. Senate passed sweeping sanctions on Russia, Iran, and North Korea by a vote of 98-2. The Countering America’s Adversaries Through Sanctions Act (the Act) contains important changes to U.S. sectoral…
Siemens Cracks Down on Russian Sanctions Evasion
Siemens, a German corporation, has announced that it will no longer deliver power plant equipment to state-controlled firms in Russia after it claimed to discover that Siemens’ Russian customer, Technopromexport, had…
President Punts on Sudan Sanctions
The President issued a new Executive Order today delaying a decision on whether to permanently lift sanctions on Sudan. In January, President Obama announced the interim lifting of U.S. sanctions on Sudan . At that…
Do the U.S. Antiboycott Rules Apply to the Blockade of Qatar?
If you’ve read the news lately, you’ve undoubtedly heard of the blockade of Qatar imposed by Saudi Arabia, the UAE and other countries in the region. Many of you are likely trying to deal with the implications of the…
US Govt Seeks $1.9 Million In North Korea Sanctions and Money Laundering Case
A recent suit filed by the U.S. Department of Justice (DOJ) for the forfeiture of nearly $2 million highlights the broad extraterritorial reach of U.S. sanctions laws. On June 14, DOJ filed a complaint to seize funds…