Economic Sanctions & Export Controls: Cause & Effect
Helping U.S. and Non-U.S. Companies Recognize and React to Evolving U.S. Sanctions and Export Controls
U.S. sanctions and export controls have become an increasingly important U.S. regulatory device. Sanctions are rapidly evolving and being used to adjust markets and market participant behaviors. These changes make understanding sanctions and export controls essential for financial institutions, manufacturers and other companies contemplating cross-border transactions or domestic transactions with foreign persons.
Locke Lord’s International Trade lawyers are closely monitoring developments relating to sanctions and export controls. We encourage you to return to this page for resources and key updates in areas of importance to your business.
U.S. Department of the Treasury’s Office of Foreign Assets (OFAC) | U.S. Department of Commerce’s Bureau of Industry and Security (BIS) | U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) | Advanced Notice of Proposed Rulemaking (ANPRM) | Uyghur Forced Labor Prevention Act (UFLPA) | Foreign Extortion Prevention Act (FEPA)
U.S. Department of the Treasury’s Office of Foreign Assets (OFAC)
U.S. Commerce Department Coordinates Efforts With OFAC to Counter National Security Threats, April 2024
OFAC Reissues Global Magnitsky Sanctions Regulations, April 2024
Navigating AML and Sanctions Compliance in the Insurance Industry, April 2024
OFAC Tightens Sanctions Related to Venezuela Non-Commercial Flights, March 2024
U.S. Announces New Sanctions Against Russia following Ukraine-Russia War 2-Year Anniversary and the Death of Aleksey Navalny, February 2024
OFAC Oil Price Cap Alert, OPC Violations, and Russian Diamond Ban, February 2024
OFAC Revokes Venezuela Gold Mining General License and Threatens to Reimpose Oil and Gas Sanctions, February 2024
OFAC Sanctions New Russian Price Cap Violator and Publishes General Licenses and FAQ, January 2024
GL 6N Extends to April 2024 the Moratorium That Prohibits Holders of PdVSA 8.5% Bonds From Acting on CITGO Collateral, January 2024
New U.S. Presidential Order Bans Import of Russian Seafood, January 2024
U.S. Issues Warning to Foreign Financial Institutions That Assist Russia’s War Machine, January 2024
OFAC Targets Maritime Companies & Vessels for Violating Russian Oil Price Cap & Issues Related General Licenses, January 2024
U.S. Sanctions Persons Supplying Russia’s Military-Industrial Base and Issues New Related General Licenses, December 2023
OFAC Sanctions Additional Maritime Companies & Vessels for Violating Russian Oil Price Cap & Issues Related General License, December 2023
OFAC Issues Venezuela-Related General Licenses and FAQs, November 2023
Oil Price Cap Violations & New OFAC GL for Crew Health and Safety and Safety of Blocked Vessels, November 2023
OFAC Russia Sanctions Update, November 2023
Global Coalition Provides Guidance to Frustrate Russian Sanctions Evasion for Weapons Development, November 2023
OFAC Myanmar Sanctions Update, November 2023
OFAC Russian Related Sanctions Update Extended GLs 13G, 74, 75 and 76, November 2023
Russian Oil Price Cap Advisory and Violation & Issuance of Russia-Related General License, October 2023
OFAC Russia Related Sanctions Update to Extend Deadline for Transactions With Sanctioned Financial Institutions, October 2023
Issuance of Russia-Related General Licenses, October 2023
Issuance of Russia-Related General License and Russia-Related FAQ Regarding Letterone Holdings S.A., August 2023
Belarus Designations, Issuance of Belarus General Licenses and Expansion of Sanctions on the Belarusian Regime, August 2023
OFAC Russia Related Sanctions Update: August 4, 2023
OFAC Amends Venezuela-Related General License Extending Delay of Actions Against Defaulted PdVSA 2020 8.5% Bonds, August 2023
OFAC Russia Related Sanctions Update: July 18, 2023
OFAC Russia Related Sanctions Update: June 6, 2023
OFAC Russia Related Sanctions Update: May 30, 2023
OFAC Russia Related Sanctions Update: May 11, 2023
OFAC Issues FAQs and General License to Clarify Venezuela Sanctions, May 2023
OFAC Russia Related Sanctions Update: April 20, 2023 Russian Tactics to Evade the Oil Price Cap
OFAC Russia Related Sanctions Update: April 17, 2023
OFAC Russia Related Sanctions Update: April 3, 2023
OFAC Russia Related Sanctions Update: March 30, 2023
OFAC Russia Related Sanctions Update: March 6, 2023
OFAC Russia Related Sanctions Update: February 21, 2023
OFAC Russia Related Sanctions Update: February 13, 2023
OFAC Issues Amended Venezuela-Related General License and FAQ Extending Delay of PdVSA 2020 8.5 Percent Bond Authorization, January 2023
OFAC Russia Related Sanctions Update: January 24, 2023
OFAC Issues New and Revised Venezuela-Related General Licenses and FAQs for Humanitarian Relief, January 2023
OFAC Russia Related Sanctions Update: January 3, 2023
OFAC Russia Related Sanctions Update: December 27, 2022
OFAC Russia Related Sanctions Update: December 7, 2022 Relating to the Russian Oil Price Cap
OFAC Issues Venezuela-Related General Licenses and FAQs, December 2022
OFAC Russia Related Sanctions Update: November 21, 2022
OFAC Russia Related Sanctions Update: November 18, 2022
OFAC Russia Related Sanctions Update: November 11, 2022
OFAC Russia Related Sanctions Update: October 18, 2022
OFAC Russia Related Sanctions Update: September 26, 2022
OFAC Russia Related Sanctions Update: August 22, 2022
OFAC Russia Related Sanctions Update: August 4, 2022
OFAC Russia Related Sanctions Update: July 26, 2022
OFAC Russia Related Sanctions Update: July 20, 2022
OFAC Russia Related Sanctions Update: July 6, 2022
OFAC Russia Related Sanctions Update: June 22, 2022
OFAC Authorization of Certain Transactions Related to Patents, Trademarks, and Copyrights, June 2022
OFAC Russia Related Sanctions Update: June 14, 2022
OFAC Russia Related Sanctions Update: June 7, 2022
OFAC Russia and Related Sanctions Update, May 2022
Russia-Related Sanctions Update: SEC Disclosures and New U.S. Measures, May 2022
Russia-Related Sanctions Update: U.S. and Allies Expand Sanctions, May 2022
Understanding U.S. Sanctions and Export Controls (WEBINAR), April 2022
Russia Response to Western Sanctions – Nationalization, April 2022
U.S. Department of Commerce’s Bureau of Industry and Security (BIS)
Department of Commerce Launches Public List to Aid Compliance With Antiboycott Regulations, April 2024
BIS Penalizes U.S. Corporation for Anti-Boycott Violations, February 2024
BIS Issues Three New Rules to Ease Licensing Requirements and Enhance Exceptions for Exports to Selected Countries, December 2023
BIS Designates Entities and OFAC Sanctions Belarusian Persons and Issues Related General License, December 2023
Commerce Issues Rule to Secure Semiconductor Supply Chains, November 2023
Iran Related Sanctions and Export Controls Update: March 31, 2023
BIS Designates Six Chinese Entities to the Entity List in Response to China’s High-Altitude Balloon Incident in the United States, February 2023
Understanding U.S. Sanctions and Export Controls, April 2022
U.S. Department of Commerce’s Bureau of Economic Analysis (BEA)
BEA Reporting Requirements for Foreign Direct Investment in the United States, May 2023
Advanced Notice of Proposed Rulemaking (ANPRM)
Further Examination Into President Biden’s Outbound Investment Controls in Certain Chinese Technology Sectors, October 2023
President Biden Issues Executive Order Banning Certain Technology Sharing With China, August 2023
Uyghur Forced Labor Prevention Act (UFLPA)
Commerce Department Issues Preliminary Determination Regarding Solar Panel Manufacturers Circumventing U.S. Tariffs, December 2022
Between a Rock and a Hard Place: Conflicting Legal Obligations, July 2022
FLETF Strategy Guidance to Comply With the Uyghur Forced Labor Prevention Act, July 2022
Not So(lar) Fast My Friends – Uyghur Forced Labor Prevention Act Takes Effect June 21, 2022, June 2022
Foreign Extortion Prevention Act (FEPA)
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