Trade ministers from the U.S., the EU, Germany, Italy, France, Canada, Japan and the U.K. said they are working together to ensure that economic coercion and attempts to weaponize economic dependencies fail, and are developing new tools to do so.
Sen. Martin Heinrich, D-N.M., introduced legislation last week aimed at modernizing the Bureau of Industry and Security’s aging information technology systems.
The leaders of the House Select Committee on China and the Congressional-Executive Commission on China urged the Biden administration July 17 to sanction 28 Hong Kong government officials for recent efforts to dismantle the Chinese territory's autonomy and stifle political dissent.
The U.S. this week sanctioned the Mexico-based Abdul Karim Conteh Human Smuggling Organization and four people associated with the group for helping to smuggle “noncitizens” into the U.S. The Treasury Department said Sierra Leonean national Abdul Karim Conteh and his wife, Mexican national Veronica Roblero Pivaral, help lead the group, while Togolese national Pasaman Francis Marin Abbe Pidoukou and Sierra Leonean national Issa Kamara help transport migrants. Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence, said the move “disrupts the ability of those seeking to exploit and endanger desperate individuals in search of a better life for themselves and their loved ones.”
The Office of Foreign Assets Control is updating its license application process and portal to alert applicants where their application is in the agency’s “processing timeline,” OFAC said July 18. After submitting an application, the applicant will now start receiving one of 10 “case statuses” as their application is reviewed:
The Office of Foreign Assets Control this week sanctioned more people and vessels across Asia and the Middle East for their roles in aiding the Yemen-based Houthis through illegal shipping and financing networks. OFAC said the designations specifically target people with ties to Houthi financier Sa’id al-Jamal see (see 2406170026, 2312280012, 2401120015 and 2403260016).
Square Patton opened an office in Geneva, Switzerland, focusing on practice areas including international trade, sanctions, international dispute resolution and government investigations. The office is the firm's 17th European shop and will be led by Kate Sherrard, a financial services partner and co-head of the commodities and shipping practice group, the firm said July 17.
Japanese authorities last week arrested the representative of a trading company for allegedly illegally exporting controlled items subject to sanctions on Russia, Baker McKenzie said in a client alert. The Russian citizen's arrest marks the first of its kind in Japan involving illicit exports to Russia following the invasion of Ukraine.
Sen. Elizabeth Warren, D-Mass., and Rep. Joaquin Castro, D-Texas, urged the Commerce Department this month to make several changes to “strengthen” the Bureau of Industry and Security’s new interim rule restricting firearms exports.
When Bloomberg asked former President Donald Trump if he has thought about easing or eliminating sanctions on Russia as part of a peace settlement in Ukraine if he is reelected, the Republican nominee replied, "Yeah. So what we’re doing with sanctions is we’re forcing everyone away from us. So I don’t love sanctions. I found them very useful with Iran, but I didn’t even need sanctions with Iran so much. I told China that and Russia is in a similar position."