Trade and Manufacturing Monitor
U.S. Imposes Sanctions on Oligarchs, Family Members, and Personal Assets
Today, the United States followed the European Union and United Kingdom in imposing sanctions on 19 Russian oligarchs and their family members and close associates. Alisher Usmanov, an oligarch with vast holdings, was…
U.S. announces new sanctions, export control restrictions, and an arms embargo on Russia
Today, the United States announced new targeted sanctions, export control restrictions, and an arms embargo on Russia after the poisoning and imprisonment of Russian opposition leader Alexey Navalny. All three of the…
Chinese Tech Firm Subject to U.S. Sanctions for Supporting Censorship in Venezuela
On November 30, the United States sanctioned China National Electronics Import and Export Corporation (CEIEC) by adding the Chinese technology company to the Specially Designated National (SDN) List. Treasury’s Office…
OFAC Extends Authorization for Wind Down and Divestment Activities Involving Xinjiang Production and Construction Corps (XPCC) Subsidiaries
Last week OFAC extended its general license authorizing U.S. persons to wind down and divest from certain transactions with subsidiaries of the Xinjiang Production and Construction Corps (XPCC) until November 30, 2020.…
U.S. Sanctions on Iran Have Been Fully Re-imposed
Today the U.S. Office of Foreign Assets Control (OFAC) amended the Iranian Transactions and Sanctions Regulations (ITSR, 31 C.F.R. Part 560 ) to fully re-impose U.S. sanctions on Iran following a wind down period that…