After U.S. National Security Adviser Jake Sullivan last week said the Biden administration is preparing new sanctions against Chinese entities, including possibly financial institutions, for supporting Russia's military, China said it “firmly rejects all kinds of illicit unilateral sanctions” that the U.S. may be considering.
Congress should get on with passing long-standing legislation on China sanctions and outbound investment, two Republican senators said during a panel discussion at the Aspen Security Forum in Colorado last week.
European officials last week called for more EU-U.S. cooperation on China policy, particularly around trade restrictions, to respond to Beijing’s unfair market practices and deter its military.
Sen. Martin Heinrich, D-N.M., introduced legislation last week aimed at modernizing the Bureau of Industry and Security’s aging information technology systems.
Maxim Marchenko, a Russian national living in Hong Kong, was sentenced on July 17 to three years in prison for his role in shipping dual-use, military grade organic light-emitting diode (OLED) micro-displays for Russian end users (see 2309190063), DOJ announced. He will serve three years of supervised release following his prison sentence.
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).
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 Federal Maritime Commission announced this week that it’s adding China-based Anji Shipping Co. to its Controlled Carrier List, a list of carriers subject to increased FMC regulations because they are directly or indirectly owned by foreign governments. The FMC said Anji will be subject to certain controlled carrier regulations, including rate review standards to ensure that it doesn't unfairly use its government-supported position against competitors.
The U.S. is trying to convince more of its allies to increase export controls on advanced semiconductors and chip making equipment destined to China, but some haven’t committed, in part because they’re worried about possible trade retaliation from Beijing, said Alan Estevez, undersecretary of the Bureau of Industry and Security.
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."