Last week, President Biden invoked the Defense Production Act (“DPA”) to expand domestic production of certain critical minerals involved in the manufacture of large capacity batteries.  The five minerals specifically identified in the President’s memorandum are lithium, nickel, cobalt, graphite, and manganese.

The DPA allows the President to expedite and expand the supply of materials

Today, the United States imposed sanctions on Russian technology companies and a network of companies involved in procuring goods for the Russian Intelligence Services.  The Treasury Department also issued a determination authorizing the Office of Foreign Assets Control (OFAC) to impose sanctions on companies and individuals that it determines operate in the aerospace, electronics, or

Today, the United Kingdom expanded sanctions on Russia by imposing asset freeze restrictions on 59 Russian and six Belarusian actors.  The measures target key strategic industries in Russia, and include large banks, defense companies, and Russian elites.

Of note, the following Russian banks and companies have been added to the U.K.’s consolidated asset freeze list:

The pace of new Russia sanctions matters slowed this week, with most of the action coming out of the European Union and United Kingdom.  New measures this week included bans on imports of steel and iron products, exports of luxury goods, investments in the Russian energy sector, and dealings with oligarchs and Russian state-owned enterprises. 

Today, the European Union imposed another round of significant sanctions and trade controls on Russia in response to the crisis in Ukraine.  In addition to new asset freeze sanctions, the EU implemented a series of new trade restrictions on dealings with the Russian economy, including an import ban on Russian iron and steel products, a

Today, the United Kingdom imposed sanctions on more than 350 Russian individuals and entities, including Russian oligarchs, officials, elites, and their families.  Also targeted by the expanded UK asset freeze measures are Russian actors engaged in certain cyber activities and operations, including the proliferation of disinformation and propaganda.  These measures bring the United Kingdom’s Russia-related

Please join us for a Kelley Drye Webinar on March 29th.   “Hot Market/Cold War: Is China Your Best Customer or Your Biggest Threat?” will feature a one-hour discussion between Kelley Drye International Trade and Government Relations partner, Paul Rosenthal, and Senior International Trade/Government Relations Advisor, Bill Reinsch, moderated by International Trade

Last week, the U.S. Department of Commerce and Office of the U.S. Trade Representative (“USTR”) each requested comments on negotiating objectives for the Biden administration’s proposed Indo-Pacific Economic Framework (“IPEF”).   For businesses with economic interests in the region, this is an excellent opportunity to connect with the agencies responsible for negotiations.

By way of background,

It has been almost three weeks since the U.S. and its allies began imposing serious new sanctions and export control restrictions on Russia and Belarus in response to Russia’s invasion of Ukraine.  This post summarizes the state of affairs as of Friday, March 11, 2022.

Please reach out to our team if you have any

In coordination with the European Union and G7 countries, the United States announced a raft of new sanctions and trade control measures targeting Russia today in response to the ongoing war in Ukraine.  The new measures include:

  • The planned revocation of Russia’s Most Favored-Nation status, which is likely to substantially increase duties on many imports