On 2 September 2015, the US Commerce Department’s Bureau of Industry and Security (“BIS”) amended the Export Administration Regulations (“EAR”) to add 29 parties to the Entity List for violating international law and fueling the conflict in eastern Ukraine. The additions were made to ensure the efficacy of existing US sanctions on Russia. The 29 parties are located in the Crimea region of Ukraine, Cyprus, Finland, Romania, Romania, Russia, Switzerland, Ukraine, and the United Kingdom…
On July 22, 2015 the U.S. Bureau of Industry and Security (“BIS”) issued a final rule amending the Export Administration Regulations, 15 C.F.R. Parts 730-774 (“EAR”), to implement the rescission of Cuba’s designation as a State Sponsor of Terrorism (BIS has also issued FAQs). As discussed in our previous blog posts here and here, the U.S. Secretary of State rescinded the designation of Cuba as a State Sponsor of Terrorism on May 29, 2015, as…
On 2 April 2015, talks in Lausanne, Switzerland, ended between Iran and the E3+3 countries (i.e., China, France, Germany, the Russian Federation, the United Kingdom, the United States). These lengthy negotiations resulted in high-level agreement on the key parameters of a Joint Comprehensive Plan of Action (JCPOA). The JCPOA parties will continue drafting the final text of JCPOA, to be agreed by 30 June 2015. We previously reported on this development on our blog (here).…
It is reported that the E3/EU+3 and Iran have today agreed to extend the Joint Plan of Action (JPOA) until 30 June 2015, having failed to reach a definitive agreement by today’s deadline. It is currently understood that the temporary US and EU sanctions easing will remain in force until this date. Reportedly substantial progress was made during the latest round of talks. According to the British Foreign Secretary Philip Hammond, there will be further…