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U.S. Department of Commerce Expands End-User Controls to Cover Affiliates of Certain Listed Entities
U.S. Issues New and Revised Humanitarian General Licenses and Guidance on the Price Cap Policy for Russian-Origin Petroleum Products
On December 21, 2022, the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”), in consultation with the U.S. Department of State, published two final rules (87 Fed. Reg. 78470 and 87 Fed. Reg. 78484) amending multiple regulations to add or revise certain general licenses (“GLs”) across a number of OFAC sanctions programs in an effort to ease the delivery of humanitarian aid, including in the agricultural and life sciences sectors.
The United States Imposes Additional Sanctions and Export Controls Against Russia and Belarus
In recent weeks, the U.S. Department of the Treasury has further expanded the scope of sanctions targeting Russia in response to its ongoing invasion of Ukraine and its purported annexation of the Kherson, Zaporizhzhya, Donetsk, and Luhansk regions of Ukraine. The U.S. Department of Commerce also has expanded export controls against Russia and Belarus. These measures are in addition to the new EU and UK sanctions and export controls announced last week and covered in our October 10 client alert.
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