Trade and Manufacturing Monitor
FinCEN Warns Of Russia Sanctions Evasion; Focus on Crypto
On March 7, 2022, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising financial institutions to be vigilant against attempts to evade recent U.S. sanctions imposed on Russia’s following that…
Biden Administration Releases Six American Manufacturing and Supply Chain Reports
On February 24, 2022, the Biden Administration announced the release of six executive-branch reports and a White House “capstone” report pursuant to Executive Order (EO) 14017 on America’s Supply Chains (February 24,…
Summary of Sanctions Imposed on Russia This Week (March 4, 2022)
Over the last two weeks, the United States, European Union, and allied countries imposed a broad range of sanctions and export control restrictions on Russia and Belarus in response to Russia’s invasion of Ukraine.…
U.S. Expands Oil Equipment Export Controls on Russia
Yesterday, the Commerce Department’s Bureau of Industry and Security (BIS) issued a final rule restricting the export of critical oil refining equipment to Russia and tightening license requirements for exports to the…
General Licenses & FAQs Clarify the Scope of Russian Central Bank Sanctions
Yesterday, the Office of Foreign Assets Control (OFAC) issued guidance and general licenses clarifying the intended scope of the Directive 4 sanctions imposed on the Russian Central Bank, National Wealth Fund, and…