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Eunkyung Kim Shin

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In recent weeks, the US Government has imposed a series of additional sanctions against Russia consisting of additional measures focused on the energy pipeline sector, as well as further measures in response to the alleged poisoning of Alexy Navalny. This latest escalation of sanctions against Russia builds upon the April 2021 sanctions imposed pursuant to Executive Order 14024, “Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation.” Please…

The third installment in our Deeper Dive series into the Biden Administration’s supply chain reports has been published to the Baker McKenzie Global Supply Chain Compliance Blog. In this post, the authors discuss the policy recommendations related to possible additional export controls for products in the semiconductor and advanced packaging supply chain.  The first two installments of the Deeper Dive series can be found here and here.   

On June 21, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued Belarus General License 3 (“GL 3”) authorizing certain transactions with the newly designated State Security Committee of the Republic of Belarus (“Belarusian KGB”) along with related FAQs (FAQ 912 and FAQ 913). In addition to the Belarusian KGB, OFAC designated 16 new parties to the Specially Designated Nationals and Blocked Persons List (“SDN List”) pursuant to Executive Order…

On May 28, 2021, the Biden Administration issued a press release (“Press Release”) confirming the re-imposition of sanctions on certain Belarusian state-owned enterprises (“SOEs”) (presaged by the issuance of wind down Belarus General License 2H on April 19, 2021) and suspending the application of the 2019 US-Belarus Air Services Agreement (“2019 USB Agreement”) in response to the Belarusian government’s apparent forced diversion of a commercial flight to Minsk on May 23. The Press Release also…