On November 10, 2021, President Biden signed the Reinforcing Nicaragua’s Adherence to Conditions for Electoral Reform Act (“the RENACER Act”) into law, which calls for increased sanctions against Nicaragua. This followed November 7 elections in Nicaragua that allowed President Daniel Ortega to stay in power for a fourth consecutive term. President Biden had issued a statement referring to the November 7 elections as “a pantomime election that was neither free nor fair.” The RENACER Act…
On August 9, 2021, the United States, the United Kingdom, and Canada significantly escalated sanctions against Belarus in a multilateral effort to put pressure on the current Lukashenko regime. These sanctions were announced on the first anniversary of the fraudulent elections held in Belarus on August 9, 2020 and follow a series of previous measures against Belarus, including most recently the coordinated measures between the UK, US, Canada and the EU in June (see our…
The Baker McKenzie International Commercial and Trade team is delighted to invite you to watch our latest mini webinar series on some key recent trade developments. This webinar covering the recent sanctions against the regime in Belarus will last only 30 minutes, and is intended to give you an overview of the developments, and the key takeaways to ensure compliance by your business. See below for more details. Belarus Sanctions The US, the EU, the…
On July 2, 2021, the US Government imposed sanctions on several military-affiliated entities and individual senior officials and certain family members in response to the February military coup in Burma (Myanmar). In a statement on the same day, the US State Department said that these “measures further demonstrate that [the US Government] will continue to take additional action against, and impose costs on, the [Burmese] military and its leaders until they reverse course and provide…