Latest Posts
Search for:
Author

Andrea Tovar

Browsing

OFAC Extends Authorization to Engage in Transactions Involving Securities of Certain Communist Chinese Military Companies

By , and 2 Mins Read

On May 18, 2021, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 1B, “Authorizing Transactions Involving Securities of Certain Communist Chinese Military Companies,” (“GL 1B”) in relation to OFAC’s Communist Chinese Military Companies (“CCMCs”) sanctions program as implemented pursuant to Executive Order 13959 (“EO 13959”) and amended by Executive Order 13974. Our blog posts on EO 13959 and OFAC’s prior guidance on the CCMC sanctions program are available here and here. As with the…

US Government Imposes New Sanctions on Russia, Designates Several Russian Technology Companies and Other Persons, Bans US Financial Institutions from Dealing in Ruble-denominated Russian Sovereign Debt, and Issues Updated Guidance and FAQs on PEESA and on US Arms Embargo on Russia

By , and 8 Mins Read

In the past several days, the US Government has issued a slew of sanctions measures targeting Russia. These represent the first major escalation of sanctions against Russia under the Biden Administration and, according to a White House Fact Sheet , are stated to be in response to Russia’s “harmful foreign activities,” including efforts to undermine free and fair democratic elections and institutions, malicious cyber activities (including the recent SolarWinds incident), transnational corruption, targeting of dissidents…

US Government Imposes Sanctions Against Burma

By , and 4 Mins Read

On February 10, 2021, President Biden issued Executive Order 14014 “Blocking Property with Respect to the Situation in Burma” (“EO 14014”), which provides for the imposition of sanctions on certain Burmese parties in response to the Burmese military’s coup against the democratically elected civilian government in Burma. In parallel with the issuance of EO 14014, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) designated thirteen parties on February 10, 2021 and two parties…

US Commerce Publishes Interim Final Rule on Securing the Information and Communications Technology and Services Supply Chain; Comments due March 22, 2021

By , and 6 Mins Read

On January 19, 2021, the US Commerce Department published an interim final rule to implement President Trump’s 2019 Executive Order 13873 on “Securing the Information and Communications Technology and Services Supply Chain” (“Interim Rule”). The Interim Rule was issued following the closure of the public comment period on January 10, 2021 on the proposed rules issued on November 27, 2019 (“Proposed Rules”) to implement Executive Order 13873. For more information on Executive Order 13873 and the Proposed…

Load More