Trade and Manufacturing Monitor
OFAC Issues New Determinations, Sanctions, Targeting Russian Energy and Petroleum
This blog post was drafted with assistance from Sean C. Church, Paralegal. On January 10, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued significant new sanctions targeting…
OFAC Issues New Russia-Related SDN Designations and Alert for Financial Institutions
This blog post was drafted with assistance from Sean C. Church, Paralegal. On November 21, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) updated the Specially Designated…
Commerce, Treasury, and State Announce Measures Targeted at Further Restricting Russia and Belarus
This blog post was drafted with assistance from Sean C. Church, Paralegal On August 23, 2024, the U.S. Departments of Commerce, Treasury, and State published new restrictions on Russia aimed at further limiting…
BIS Issues Guidance on Addressing Export Diversion Risks
On July 10, the Department of Commerce’s Bureau of Industry and Security (BIS) published guidance on how to identify parties that present a heightened risk of diversion to Russia’s military-industrial sector, as well…
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…