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

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 – U.S. Imposes Broad New Restrictions on Investment in Russia

In the United States government’s latest response to the crisis in Ukraine, it imposed broad new investment and services restrictions pursuant to a new executive order, new sectoral restrictions, and the designation of a substantial number of additional individuals and entities on OFAC’s Specially Designated Nationals and Blocked Persons (“SDN”) List, including two major Russian … Read more

Designated: A Sanctions Podcast: EP4: Russian Energy Sector Sanctions Measures Implemented in Response to the Crisis in Ukraine

In this mini-series, we discuss the recent sanctions measures implemented in the U.S., E.U., and U.K. as a response to the crisis in Ukraine. In this episode, Jonathan Cross, Lode Van Den Hende, Elizabeth Head, and Brittany Crosby-Banyai focus on the recent sanctions that impact the Russian energy sector. Herbert Smith Freehills Podcasts · Designated: … Read more

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

Updates from February 4, 2022 through March 11, 2022. Within a brief period, the international sanctions environment applicable to trade with Russia has been fundamentally transformed, such that Russia is, in many respects, now a comprehensively sanctioned jurisdiction.  We have published a number of recent updates regarding sanctions measures that have been proposed and enacted … Read more