Trade and Manufacturing Monitor
United Kingdom Imposes Next Round of Trade Restrictions on Russia and Belarus
Yesterday, the United Kingdom expanded export controls on shipments to Russia and imposed new sanctions on Russian and Belarusian parties in response to the ongoing conflict in Ukraine. The latest measures impose a…
Western countries pledge sanctions related to SWIFT & Russia’s Central Bank
Today, the United States, European Union, and allies issued a joint statement pledging additional sanctions on Russia in response to the escalating conflict in Ukraine. While the details remain to be determined, the…
U.S. Expands Sanctions Targeting Chinese Technology Companies
Last week, the Treasury Department and Commerce Department imposed new sanctions on dozens of Chinese firms linked to the Chinese military. Pursuant to Executive Order 13959, as amended by E.O. 14032, the Treasury…
New Executive Order Targets Investments in Chinese Surveillance and Military Companies
Today, President Biden issued an Executive Order expanding U.S. restrictions on dealings in the publicly traded securities of Chinese companies. Today’s move amends Executive Order 13959 to prohibit U.S. persons from…
OFAC Targets Corruption In Bulgaria With Designation of Influential Individuals and Companies
Yesterday, the Office of Foreign Assets Control (“OFAC”) announced sanctions against three prominent Bulgarian individuals and 64 related companies for corruption. The designations are the largest action in the history…