Trade and Manufacturing Monitor

News and insight from our international trade practice group

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,…

White House Broadens Restrictions on Russia by Authorizing Sanctions on Foreign Financial Institutions and Expanding the Import Ban

On December 22, 2023, President Biden signed Executive Order 14114, titled “Taking Additional Steps With Respect to the Russian Federation's Harmful Activities” (EO 14114), with a focus on holding foreign financial…

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

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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…