Trade and Manufacturing Monitor
U.S. Temporarily Eases Sanctions Against Venezuelan Energy, Gold
On October 18, the Treasury Department’s Office of Foreign Assets Control (OFAC) eased U.S. sanctions on dealings with Venezuela’s gold and oil and gas sectors by issuing and amending several general licenses.…
Commerce Department Strengthens Semiconductor and Advanced Computing Controls
On October 17, 2023, the Department of Commerce’s Bureau of Industry and Security (“BIS”) published two interim final rules (“IFR’s”) covering advanced computing items, semiconductor manufacturing equipment, and items…
Commerce Department Publishes Best Practices to Prevent High-Priority Items From Being Diverted to Russia
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS” or “the agency”) has published a set of best practices for exporting nine products on the U.S. Harmonized Tariff Schedule (“HTS”) drawn from the…
U.S. Agencies Release Xinjiang Supply Chain Business Advisory Addendum
On September 26, 2023, the U.S. Department of State, the U.S. Department of the Treasury, the U.S. Department of Commerce, the U.S. Department of Homeland Security, the U.S. Department of Labor, and the Office of the…
U.S. Imposes Additional Sanctions on Russia by Targeting Military-Linked Elites and Industrial Base
On September 14, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced nearly 100 new sanctions on Russian elites and on Russia’s industrial base, financial institutions, and…