Trade and Manufacturing Monitor
U.S. and Japan Reach Agreement on Critical Minerals and Treasury Releases Guidance on EVs
On March 28, 2023, the United States and Japan signed an agreement on trade in critical minerals used in electric vehicle (“EV”) batteries (“Agreement Between the Government of Japan and the Government of the United…
First Round of CHIPS Funding Announced
On February 28, 2023, the U.S. Department of Commerce announced the first funding opportunity under the CHIPS and Science Act (“CHIPS Act”), bipartisan legislation signed into law in 2022. The funding opportunity…
Biden Administration to Take Action on U.S. Outbound Investment Screening
Investment screening has become an increasingly important topic for the United States and its allies, as concerns grow about the accumulation of sensitive information and technologies by strategic adversaries like…
OFAC Sanctions Potanin, Interros, and Rosbank; but Norilsk Nickel is Excluded
Today, the Office of Foreign Assets Control (“OFAC”) added Russian oligarch Vladimir Potanin along with several of his companies to the Specially Designated Nationals (“SDN”) List. OFAC’s action specifically targets…
U.S. Imposes New Sanctions on Russia in Response to Claimed Annexation & Warns of Further Measures
Today, the U.S. Treasury Department and Commerce Department imposed new sanctions on Russia and Belarus as part of the G-7’s collective response to Russia’s claimed annexation of additional Ukraine territory. The new…