Trade and Manufacturing Monitor
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. 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…
U.S. and EU Regulators Provide Insights on Sanctions and Export Evasion Risks
On September 11, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis detailing trends in suspected evasion of export controls on Russia. FinCEN’s analysis is informed by reports…
Summary of Sanctions Imposed on Russia This Week (March 4, 2022)
Over the last two weeks, the United States, European Union, and allied countries imposed a broad range of sanctions and export control restrictions on Russia and Belarus in response to Russia’s invasion of Ukraine.…
U.S. Expands Oil Equipment Export Controls on Russia
Yesterday, the Commerce Department’s Bureau of Industry and Security (BIS) issued a final rule restricting the export of critical oil refining equipment to Russia and tightening license requirements for exports to the…