A former National Security Council official said June 26 that she believes the U.S. government is preparing to designate South Asia’s The Resistance Front (TRF) a terrorist group.
Five Senate Democrats, including Minority Whip Sen. Dick Durbin of Illinois, introduced a resolution June 26 urging the Trump administration to sanction Tunisian officials involved in political repression. Individual financial sanctions are among the penalties envisioned. The resolution says Tunisia has recently experienced democratic backsliding, including arrests of political opposition figures. It was referred to the Senate Foreign Relations Committee.
A bipartisan group of five House members, including House Financial Services Committee Chairman French Hill, R-Ark., reintroduced a bill June 26 to create a State Sponsor of Unlawful or Wrongful Detention (SSWD) designation, which would allow the State Department to impose sanctions, arms export restrictions and other penalties on countries that wrongfully detain Americans.
U.S. and Chinese officials said the two countries are still on pace for Beijing to ease its restrictions over rare earths and for Washington to lift its countermeasures, including export controls.
Recent Japanese regulatory reforms and increased enforcement could signal a more "assertive stance” around foreign investment screening, Freshfields said in a client alert last week. The trend in Japan appears to mirror developments with the Committee on Foreign Investment in the U.S., which “has become increasingly assertive in reviewing foreign direct investment.”
The U.K. on June 26 amended various entries on its Russia sanctions list, the Office of Financial Sanctions Implementation announced. The U.K. made changes to entries for 14 people that were originally sanctioned for undermining Ukrainian sovereignty through their work at the Social Design Agency, a Russian social media and marketing firm. OFSI also revised the entries for two entities: Rosneft Marine (UK) and the Main Directorate of Deep-Sea Research of the Ministry of Defence of the Russian Federation.
The Office of Foreign Assets Control last week renewed a Russia-related general license that authorizes certain civil nuclear energy-related transactions with Russian entities. General License 115B, which replaces 115A, authorizes those transactions with Gazprombank and other financial institutions through 12:01 a.m. EST Dec. 19. The license was scheduled to expire June 30. OFAC also updated several FAQs to reflect the renewal.
President Donald Trump said June 27 he had been working on a plan to remove Iran sanctions, but he decided against the plan after objecting to comments recently made by Iranian leader Ayatollah Ali Khamenei.
The U.K. is looking to strengthen its export controls and broader trade defense “toolkit” to better guard against economic threats by third countries, the country said in its 100-page trade strategy released last week.
The Bureau of Industry and Security could streamline and strengthen its export license review process by improving its information sharing with other agencies involved in the process, especially the Defense, Energy and State departments, according to a new report by the Government Accountability Office.