G7 leaders have announced new economic commitments designed to hold Russia accountable for its war against Ukraine. We discuss these commitments and provide an overview of the latest sanctions imposed on Russia by the United States, European Union, and United Kingdom in our recent alert on reedsmith.com.
The Department of Justice (DOJ) and the Department of Commerce announced the creation of a joint Disruptive Technology Strike Force on February 16, 2023. The strike force will be co-led by the assistant attorney general for the DOJ’s National Security Division and the assistant secretary for export enforcement at the Bureau of Industry and Security.
The UK, EU and U.S. have each published the relevant price cap for petroleum products falling under HS/CN Code 2710 that are of Russian origin or consigned or exported from Russia to non-G7 countries (Restricted Petroleum Products), and have also updated their guidance on the scope and practical implementation of the price cap restrictions. We
The Bureau of Industry and Security (BIS) has implemented new, unilateral export controls to restrict China’s ability to manufacture advanced semiconductors, obtain high-performance chips, and develop and maintain supercomputers.
Continue Reading China’s access to semiconductors and high-performance chips restricted by BIS
The USTR issued a notice in the Federal Register requesting public comments on the effectiveness of the tariffs in achieving the objectives of Section 301, other actions that could be taken, and the effects of such actions on the United States economy, including consumers.
Continue Reading Opportunity for companies to request modifications on USTR’s Section 301 tariffs
The Committee on Foreign Investment in the United States (CFIUS or the Committee) released its first-ever enforcement and penalty guidelines.
Continue Reading What you should know: CFIUS penalty guidelines make cross-border transactions more complex
On October 6, 2022, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) made four enhancements to its anti-boycott enforcement.
Continue Reading U.S. anti-boycott laws: companies’ foreign subsidiaries face enforcement clampdown
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) continues their campaign to increase corporate accountability and transparency measures and incentivize companies to invest in compliance programs by announcing four significant policy changes to the Export Administration Regulations (EAR). As our U.S. trade team outlines in their latest alert, these new policies, which
The Forced Labor Enforcement Task Force (FLETF), chaired by the U.S. Department of Homeland Security, published its Uyghur Forced Labor Prevention Act (UFLPA) enforcement strategy on June 17, 2022. We provide a useful overview of the FLETF’s enforcement strategy and pinpoint key takeaways for importers in our alert on reedsmith.com.
Operational guidance for importers on the Uyghur Forced Labor Prevention Act (UFLPA) was released by the U.S. Customs and Border Protection (CBP) on June 13, 2022. Importers must refer to this guidance alongside the forthcoming specific importer guidance by the Department of Homeland Security and the UFLPA Entity List, both of which are due to