Trade and Manufacturing Monitor
European Union Adopts 11th Round of Sanctions Against Russia
On June 23, 2023, the EU adopted its latest round of Russia sanctions. The new regulations have a focus on combatting circumvention and evasion, following suit with similar measures adopted by the United States last…
Commerce Department Revises Entity List to Address China’s Military Capabilities
The Commerce Department’s Bureau of Industry and Security (“BIS” or “the agency”) has revised the Entity List to address the agency’s growing concern around Chinese entities recruiting Western pilots to train People’s…
U.S. and EU Conduct Fourth Meeting of the Trade and Technology Council
On May 31, 2023, the United States and European Union held the fourth ministerial meeting of the U.S.-EU Trade and Technology Council (“TTC”). The TTC is a consultative forum created to coordinate approaches to key…
OFAC Revamps and Updates Website
On April 3, 2023 the Office of Foreign Assets Control (“OFAC” or “the agency”) launched a new domain for its website at ofac.treasury.gov . This update aims to make it easier for users to navigate OFAC’s sanctions…
Anniversary Round of U.S. Sanctions, Export Controls Impose and Enhance Restrictions Against Financial and Material Support for Russia’s War Efforts
Last Friday, on the anniversary of the Ukraine invasion, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) took significant action by imposing sanctions against the Russian economy, targeting…