Trade and Manufacturing Monitor
U.S. Imposes Sanctions on Nord Stream 2 AG
Today, President Biden announced new U.S. sanctions on Nord Stream 2 AG and its corporate officers, including its German CEO, Matthias Warnig. Nord Stream 2 AG is a Swiss company owned by Gazprom, the Russian gas…
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…
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…
U.S. Expands Sanctions Targeting Chinese Technology Companies
Last week, the Treasury Department and Commerce Department imposed new sanctions on dozens of Chinese firms linked to the Chinese military. Pursuant to Executive Order 13959, as amended by E.O. 14032, the Treasury…