The latest on Russia sanctions from the International Trade and Supply Chain Team
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Export Controls & Economic Sanctions

Sanctions Designations and Business Advisory Issued by OFAC and the U.S. State Department

On February 23, 2024, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) and Department of State

Continue Reading U.S. GOVERNMENT IMPOSES OVER 600 DENIED PARTIES DESIGNATIONS ON SECOND ANNIVERSARY OF RUSSIA’S UKRAINE

Recently, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) announced the issuance of a $300 million penalty against Seagate Technology LLC and its Singapore affiliate, Seagate Singapore

Continue Reading BIS Levies Record Penalty for Export Control Violations related to Huawei Shipments

Yesterday, our team published a client alert exploring recent statements made by Deputy Attorney General Lisa Monaco in connection with the Department of Justice’s continued efforts to investigate and prosecute individuals for violating economic sanctions, export controls, and other similar economic crimes. The statements—made at an American Bar Association event last week—demonstrate that export controls continue to rank highly among DOJ’s priorities. Continue Reading DOJ Continues Pursuit of Export Control Violations

The Department of Commerce’s Bureau of Industry and Security (“BIS”) announced today new export controls and Entity List additions designed to further restrict Russia’s ability to maintain its continued war

Continue Reading BIS Issues New Export Controls and Entity List Additions Targeting Russia on One-Year Anniversary of Invasion

On Friday, February 24, 2023, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued new sanctions against individuals and entities operating in Russia and against those assisting with

Continue Reading OFAC Issues Sweeping Sanctions to Mark One-Year Anniversary of Russia’s Invasion of Ukraine

On December 16, 2022, the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) published a rule adding 35 entities from China and one entity from Japan to the Entity

Continue Reading BIS Adds 35 Chinese Entities to Entity List for Supporting China’s Military Modernization Efforts and Nine Russian Entities for Failure to Complete Satisfactory End-Use Checks

On December 15, 2022, the Office of Foreign Assets Control (“OFAC”) added 18 entities in Russia’s financial services sector to the Specially Designated Nationals and Blocked Persons List (“SDN List”).

Continue Reading OFAC Continues to Take Aim at Russia’s Financial Sector with More SDN Designations

BIS Adds 24 New Entities and Removes One from Entity List

On December 8, 2022, the Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a notice in the

Continue Reading BIS Adds 24 New Entities and Removes One from Entity List and Extends Deadline for Comments to New Semiconductor Rules

On November 1, 2022, the United States Trade Representative (“USTR”) released the questionnaire it is requesting interested parties to submit for its consideration related to the economic impact of the

Continue Reading USTR Releases Draft Questionnaire for Section 301 Economic Impact Analysis