Trade and Manufacturing Monitor
U.S. Issues Telecommunications & Internet Communications General License for Russia
On April 7, the U.S. Office of Foreign Assets Control (OFAC) issued a new General License No. 25 (GL25) authorizing certain transactions ordinarily incident to telecommunications and the exchange of communications over…
U.S. Imposes Sanctions on Alrosa – World’s Largest Diamond Producer, Extends Sanctions on United Shipbuilding Corporation
Yesterday, the U.S. Office of Foreign Assets Control (OFAC) added Public Joint Stock Company Alrosa (Alrosa) to the List of Specially Designated Nationals (SDN List), subjecting the company and its majority-owned…
U.S. Imposes Temporary Denial Orders On Three Major Russian Airlines
Yesterday, the Commerce Department’s Bureau of Industry and Security (“BIS”) issued temporary denial orders (“TDOs” or “orders”) on three Russian airlines – Aeroflot, Azur Air, and UTair – effectively cutting them off…
Congress Votes to Revoke Russian PNTR, Ban Russian Energy Imports
Today, by overwhelming margins, Congress passed two pieces of legislation to further punish Russia for its invasion of Ukraine. The bipartisan bills suspend Permanent Normal Trade Relations (PNTR) with Russia and…
U.S. Imposes New Russia Sanctions Targeting Banks, Investments, Services, & Officials; EU Announces Fifth Round of Sanctions
Today, the United States imposed broad new sanctions on Russia in response to the continuing conflict in Ukraine. The new measures include full blocking sanctions on Sberbank and Alfa-Bank, two of the largest banks in…