On Thursday, March 24, 2016, the US Commerce Departmentās Bureau of Industry and Security (āBISā) is scheduled to publish aĀ temporary general licenseĀ in the Federal Register relating to Zhongxing Telecommunications Equipment Corporation (āZTE Corporationā) and ZTE Kangxun Telecommunications Ltd. (āZTE Kangxunā). As detailed in a previousĀ post, BISĀ addedĀ these two companies and two affiliated entities (Beijing 8-Star and ZTE Parsian) to the Export Administration Regulationsā (āEARā)Ā Entity ListĀ on March 8, 2016.
On December 7, 2015, the Department of Treasuryās Office of Foreign Assets Control (āOFACā) issued a six-monthĀ general licenseĀ (āGeneral License 20ā) to allow certain transactions otherwise prohibited by the Burmese Sanctions Regulations (āBSRā) that are incidental to permissible exports to or from Burma. OFACās statement on the issuance of General License 20, which was issued to support US and Burmese exporters and to facilitate trade with Burma, is availableĀ here. General License 20 authorizes all transactions until…
On November 12, 2015, President Barack Obama issued Executive Order 13710 (here) ending sanctions related to the Republic of Liberia (“Liberia”) originally put in place in 2004 under Executive Order 13348 (here). Executive Order 13710 cited Liberia’s recent democratic progress as the main reason for lifting sanctions. Parties that were designated as specially designated nationals (“SDNs”) under Executive Order 13348 are no longer SDNs. On November 23, 2015, President Obama issued an Executive Order (“Order”)…
On October 29, 2015, the US Treasury Departmentās Office of Foreign Assets Control (āOFACā) issued Belarus-relatedĀ General License No. 2, authorizing transactions otherwise prohibited by, and involving Belarusian entities blocked pursuant to,Ā Executive Order 13405. The general license is effective only from October 30, 2015 through April 30, 2016, unless extended or revoked. General License No. 2 applies to all Belarusian entities currently identified as specially designated nationals (āSDNsā) pursuant to Executive Order 13405, and any entities…