Trade and Manufacturing Monitor
2nd Anniversary of Ukraine Invasion Brings New Sanctions on Russia
On February 23, 2024, on the 2nd anniversary of Russia’s invasion of Ukraine, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced significant new sanctions, adding nearly 300 Russian and select…
BIS Proposes KYC and Other Cybersecurity Requirements on Cloud Services and AI Training
On January 29, 2024, the Commerce Department’s Bureau of Industry and Security (BIS) published a notice of proposed rulemaking (NPRM) introducing a Customer Identification Program (CIP) and other requirements…
BIS Hits Wabtec Corporation with $153,175 Civil Penalty for Antiboycott Violations
On January 29, 2024, the Commerce Department’s Bureau of Industry and Security (“BIS”) announced a settlement with Wabtec Corporation of $153,175 for violations of the antiboycott provisions of the Export…
Commerce Department Expands Russia and Belarus Controls, Implements Clarifying Changes
On January 25, 2024, the Commerce Department’s Bureau of Industry and Security (“BIS”) strengthened its existing controls under the Export Administration Regulations (“EAR”) against Russia and Belarus. Specifically,…
BIS Clarifies Notification and Licensing Requirements for Updated Semiconductor, Advanced Computing Export Controls
On December 29, 2023, the Commerce Department’s Bureau of Industry and Security (BIS) issued Frequently Asked Questions (FAQs) concerning the agency’s recently updated semiconductor and advanced computing export…