A December executive order that gave the U.S. broader authority to sanction financial institutions involved in shipping goods to Russia has had a “meaningful impact” on Russia’s military industrial supply chains so far, Treasury Secretary Janet Yellen said this week.
The U.S. government should re-examine its export controls for aviation and shipbuilding to slow China’s advances in those dual-use sectors, a congressionally mandated commission heard May 23. The government also should consider more restrictions on Huawei and improve its efforts to get allies on board with U.S. export controls, the panel was told.
Samuel Moss, former attorney adviser with the Treasury Department, has joined the Pentagon as an associate general counsel, he announced on LinkedIn. Moss previously worked on issues related to sanctions and the Committee on Foreign Investment in the U.S. at Treasury (see 2405060003).
The U.K. this week updated its Russia guidance to add another type of evidence companies can use to prove their imported diamonds don’t violate sanctions against Russia.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, said May 22 he's exploring possible legislation to sanction the International Criminal Court (ICC) for threatening to arrest two Israeli leaders.
The House Foreign Affairs Committee on May 22 approved bills that could expand controls on artificial intelligence exports and increase congressional oversight of arms transfers to Israel.
The U.N. Security Council this week sanctioned three people with ties to the Somalia-based al-Shabaab, an al-Qaida linked terrorist group. The designations target Abdikadir Mohamed Abdikadir, Mohamed Mohamud Mire and Mohamed Omar Mohamed.
Canada this week announced another round of sanctions against Russia, targeting two people and six entities that the country said have helped ship weapons, missiles and other military items from North Korea to Russia. Canada said it has “recorded evidence” that the Kremlin used the weapons in its war against Ukraine last year and this year. The two people designated are “senior representatives of Russian enterprises that are closely linked” to the Russian military, and the entities are Russian shipping companies that own or operate planes and cargo vessels that were used to transport the weapons.
U.K. defense minister Grant Shapps said he has evidence that China is supplying Russia with lethal aid for its war in Ukraine.
The U.K. this week issued a new warning to shipowners and brokers seeing large profits from selling older ships to unknown buyers, saying they need to make sure they aren’t selling to a person with ties to Russia or who plans to violate Russian oil sanctions.