Trade and Manufacturing Monitor
U.S. Imposes New Russia Sanctions Targeting Banks, Investments, Services, & Officials; EU Announces Fifth Round of Sanctions
Today, the United States imposed broad new sanctions on Russia in response to the continuing conflict in Ukraine. The new measures include full blocking sanctions on Sberbank and Alfa-Bank, two of the largest banks in…
UK Imposes Asset Freeze on Sberbank, Credit Bank of Moscow, and Prominent Russian Oligarchs Active in Key Industries as Part of Latest Package of Measures
Today, the United Kingdom announced its next package of sanctions on Russia. The measures, elements of which were implemented today, are aimed at reducing dependency on Russian energy, and further degrading Russia’s…
BIS Adds 120 Russian & Belarusian Parties to the Entity List
On Friday, the Commerce Department’s Bureau of Industry and Security (BIS) added 120 parties operating in the Russian and Belarusian aerospace, maritime, and defense sectors to the Entity List. BIS designated the…
President Biden Issues Directive to Boost Critical Mineral Production
Last week, President Biden invoked the Defense Production Act (“DPA”) to expand domestic production of certain critical minerals involved in the manufacture of large capacity batteries. The five minerals specifically…
U.S. Sanctions Russian Chipmaker & Tech Companies; Expands Sanctions Authority
Today, the United States imposed sanctions on Russian technology companies and a network of companies involved in procuring goods for the Russian Intelligence Services. The Treasury Department also issued a…