BIS Releases FAQs on the Interim Advanced Computing Rule Regarding Advanced Computing and Semiconductor Manufacturing Items

On October 7, 2022, the United States Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an Interim Advanced Computing Rule (“IACR”) targeting exports related to advanced computing integrated circuits and related commodities to the People’s Republic of China (“China”). The IACR also contains additional restrictions on semiconductor manufacturing and interactions with semiconductor manufacturing … Read more

U.S. Equipment Distributor Pays $140,000 on 14 Felony Counts of Failure to File Export Information

Last week, the United States Department of Justice (“DOJ”) announced the sentencing of Intertech Trading Corporation (“Intertech”) on fourteen felony counts under 13 U.S.C. § 305 for failure to file export information regarding shipments of “lab equipment” to both Russia and Ukraine. The DOJ initially brought these charges against Intertech in June 2022, and Intertech … Read more

BIS Implements Sweeping New Export Controls Targeting China

On October 7, 2022, the Department of Commerce’s Bureau of Industry and Security (“BIS”) took two significant actions with major implications for companies and persons dealing with the Chinese semiconductor and electronics sectors: BIS issued an interim final rule (the “IFR”) targeting exports to the People’s Republic of China that, among other things, imposes sweeping … Read more

OFAC, BIS Release New Russia Sanctions and Export Control Alert

Illustrating the trend of coordinated sanctions actions taken by the Treasury and Commerce Departments, last week the Office of Foreign Assets Control (“OFAC”) worked in tandem with the Commerce Department Bureau of Industry and Security to publish an Alert entitled, “OFAC-BIS Alert: Impact of Sanctions and Export Controls on Russia’s Military-Industrial Complex,” which discusses the … Read more

US Senate Calls for Designation of Russia as a “State Sponsor of Terrorism”

On July 27, 2022, the US Senate unanimously passed a nonbinding, bipartisan resolution to designate the Russian Federation as a “State Sponsor of Terrorism” (SST).  In parallel, a bipartisan group of members of the US House of Representatives introduced a bill on July 28, 2022 to designate Russia as an SST.  See H.R.8568.  These actions … Read more

OFAC Issues Three New FAQs on Chinese Military-Industry Complex Company Sanctions

On June 1, 2022, the Office of Foreign Assets Control of the US Department of the Treasury (“OFAC”) issued three new FAQs regarding OFAC’s Chinese Military-Industrial Complex Companies (“CMICs”) Sanctions program.  The new FAQs were issued to coincide with the deadline by which US persons were authorized to divest from the securities of designated CMIC … Read more

Sanctions Tracker Summary – Global Sanctions Responses to the Crisis in Ukraine

Updates from March 19, 2022 through April 12, 2022 Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed.  We have published a number of recent updates regarding sanctions measures that have been proposed and enacted in several jurisdictions as a response to the crisis in Ukraine.  These … Read more

Sanctions tracker – latest EU and UK sanctions against Russia

This briefing summarises the latest UK and EU sanctions developments in response to the conflict in Ukraine, and in particular the EU’s ‘fifth package’ of sanctions. UK New designations On 8 April, the Office of Financial Sanctions Implementation announced the addition of three individuals to the UK’s asset freeze list – two daughters of President Putin, and … Read more