Trade and Manufacturing Monitor
More U.S. Sanctions on Russia: VEB, PSB, & Russian Sovereign Debt
In a move coordinated with U.S. allies, the United States imposed a “ first tranche” of sanctions on Russia today following that country’s recognition of the Donetsk People’s Republic (DNR) and Luhansk People’s…
How do you identify locations subject to the new U.S. embargo on the DNR & LNR?
The new U.S. embargo on the breakaway Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR) regions of Ukraine present U.S. companies with the complicated task of determining whether a transaction or…
United Kingdom Imposes First Tranche of Sanctions on Russian Banks and High Net-Worth Individuals
Today, the United Kingdom imposed sanctions on five Russian banks and three Russian oligarchs in response to the situation in eastern Ukraine. The sanctions were imposed pursuant to recently strengthened sanctions…
U.S. imposes embargo on separatist regions of Ukraine (UPDATED)
This post was updated on February 25, 2022 after the Department of Commerce amended the Export Administration Regulations (EAR) to impose additional elements of the embargo. OFAC Provisions On February 21, 2022…
Commerce Department Consolidates and Clarifies the Foreign-Made Direct Product Rules Amid Rising Tensions With Russia
On February 3, 2022, the Commerce Department published a final rule amending the Export Administration Regulations (“EAR”) to clarify the scope of the foreign-direct product rule (“FDPR”). The FDPR expands the…