On 15 January 2026, the EU applied its new automatic and dynamic adjustment mechanism to the Oil Price Cap (“OPC”) on seaborne Russian crude oil, reducing the cap from USD 47.60 to USD 44.10 per barrel, effective 1 February 2026. The mechanism ensures that the OPC remains 15% below the average Urals crude market price over a rolling 22‑week period. On the same day, the UK confirmed that it would lower its OPC to USD…
On January 12, 2026, the US House of Representatives passed the Remote Access Security Act (H.R. 2683), which would amend the Export Control Reform Act of 2018 (“ECRA”) to authorize the extension of existing export controls to the remote access of US goods, software, or technology, if a determination is made that “the use of the item could pose a serious risk to the national security or foreign policy of the United States.” The House…
Global Affairs Canada recently issued Notice to Exporters No. 1159 codifying its longstanding positions on controlled technology and Cloud computing. Historically, Canadian exporters have relied on Advisory Opinions to confirm the application of Canada’s export controls to Cloud computing and while this Notice provides long overdue public guidance on this issue, substantive guidance on SasS is noticeably absent. What Exporters Need to Know The Guidance A key issue facing Technology Holders relying on the Cloud…
Several updates were made to Japan’s export controls in November. Companies are advised to consider the relevance of the new regulations and ensure that appropriate steps are taken to comply with them. 1. Addition of certain items related to peptide, refractory metal powders and field-programmable logic devices, etc. to the List Control items To reflect agreements reached at the international export control regime meetings, the following items have been added to Appended Table 1 of…