As part of the U.S. Government’s ongoing response to the military coup in Burma (Myanmar), the Department of Commerce’s Bureau of Industry and Security (“BIS”) added four entities to the
Continue Reading US Government Adds 4 Military-Connected Entities in Burma to Entity List and Sanctions 22 Burmese Individuals
Recently, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned various individuals and entities connected to Russia’s technology sector and also expanded sanctions against dealings in Russian sovereign
Continue Reading Biden Administration Imposes New Russia Sanctions and Establishes Framework for Future Expansion of Russian Sanctions Regime
On February 1, 2021, the military of Burma (Myanmar) in an unanticipated coup d’état installed General Min Aung Hlaing as leader and detained the country’s top elected leaders, including the
Continue Reading U.S. Imposes Targeted Sanctions and Export Restrictions on Burma in Response to Military Coup
The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License 8G (“GL 8G”), which authorizes five (5) U.S. oil and gas companies to engage in transactions “ordinarily incident and necessary to the limited maintenance of essential operations, contracts or other agreements”, as well as transactions necessary to the wind down of operations in Venezuela involving Petroleos de Venezuela, S.A. (“PdVSA”) or any entity which PdVSA owns a 50% or greater interest and that were in effect prior to July 26, 2019. Effective November 17, 2020, GL 8G replaces and supersedes GL 8F which was set to expire on December 1, 2020, effectively extending its deadline through 12:01 eastern daylight time on June 3, 2021. GL 8G applies specifically to the following entities and their subsidiaries: Chevron Corporation, Halliburton, Schlumberger Ltd., Baker Hughes (a GE company), and Weatherford International, PLC.
Continue Reading OFAC Issues Venezuela General License 8G Extending Authorization of Certain Transactions for U.S. Oil & Gas Companies
China-based smartphone apps, TikTok and WeChat, have each received a reprieve from the respective bans, which were originally ordered by President Trump on August 6, 2020 against both parties and
Continue Reading U.S. Scheduled Bans on TikTok and WeChat Apps Delayed
The U.S. Department of State recently published updated guidance pertaining to Section 232 of the Countering America’s Adversaries Through Sanctions Act (“CAATSA”). The revised guidelines subject energy export pipelines originating
Continue Reading U.S. Increases Pressure on Russian Gas Pipelines with Imposition of New CAATSA Secondary Sanctions; Issues New General Licenses for Companies Doing Business with GAZ Group
The U.S. Department of Treasury’s Office of Foreign Assets Controls (“OFAC”) issued General License 5D pertaining to the Venezuela sanctions. Effective July 15, 2020, General License 5D replaces and supersedes
Continue Reading OFAC Issues General License 5D for Venezuela Sanctions
New U.S. sanctions on Syria took effect on June 17, 2020 as a result of the “Caesar Syria Civilian Protection Act of 2019” (“Caesar Act”) that was signed
Continue Reading State and Treasury Departments Designate 39 Entities under “Caesar Act” Syria Sanctions
The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) recently announced the removal of General License 13E (“GL 13E”), authorizing certain activities involving Nynas AB, a Swedish manufacturer
Continue Reading OFAC Removes General License 13E and Issues General Licenses 3H and 9G
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) released a fact sheet that outlines exemptions, exceptions, and authorizations for humanitarian assistance and trade under the
Continue Reading OFAC Fact Sheet on Humanitarian Assistance to Countries with Sanctions
The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued General License 13E (“GL 13E”), authorizing certain activities involving Nynas AB, a Swedish manufacturer of specialty oils
Continue Reading OFAC Extends General License for Companies Doing Business with PDVSA Affiliate Nynas AB