Trade and Manufacturing Monitor
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…
Initial Restructuring of the International Traffic in Arms Regulations
As part of a comprehensive streamlining effort, the U.S. State Department’s Directorate of Defense Trade Controls (DDTC) issued an interim final rule that reorganizes and restructures Part 120 of the International…
CFIUS Issues New Enforcement and Penalty Guidance
On October 20, the Committee on Foreign Investment in the United States (CFIUS or the Committee) issued a press release laying out new guidance to provide clarity about how the Committee assesses violations of the…
European Union Adopts Eighth Package of Sanctions Against Russia
Yesterday, the European Union implemented its eighth round of sanctions on Russia in response to Russia’s claimed annexation of Ukrainian territory. This latest package includes expanded import and export restrictions,…
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…