On January 22, 2024, the United States, United Kingdom, and Australia announced an additional round of coordinated sanctions designations of individuals, entities, and aircraft linked to Hamas and the Palestinian Islamic Jihad (“PIJ”). This coordinated action builds on recent joint US-UK and unilateral US designations. Our prior blog post on the October 18, 2023 US designations is available here. US Sanctions On January 22, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”)…
On December 7, 2023, Chairman Michael McCaul of the Foreign Affairs Committee in the House of Representatives released a 90-Day Review Report (the “Report”) of the US Bureau of Industry and Security (“BIS”), the agency tasked with administering the Export Administration Regulations (15 C.F.R Parts 730–774, the “EAR”) under the US Commerce Department. Chairman McCaul previously highlighted his plans for greater oversight of BIS at an October 2022 Atlantic Council event during which he stated…
On August 9, 2023, President Biden issued Executive Order 14105, targeting certain US investments into Chinese companies or Chinese-owned companies engaged in three advanced technology areas (Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern, the “EO”). The EO directs the US Department of the Treasury (“Treasury”) to issue regulations that will (1) prohibit certain categories of US outbound investments and (2) require notification of other investments involving the…
On July 19, 2023, the Bureau of Industry and Security (“BIS”) in the US Commerce Department published much-anticipated guidance for license applications involving medical-related items destined to Russia, Belarus, and the Occupied/Covered Regions of Ukraine (Crimea, Donetsk People’s Republic, and Luhansk People’s Republic). The guidance is just over three pages long, and we recommend that companies submitting applications for medical-related items to these destinations review the document in full. While BIS has been communicating many…