The U.K. on April 14 added two entries to its Iran sanctions regime and amended entries under its Russia and global anti-corruption sanctions lists. Under the Iran sanctions regime, the Office of Financial Sanctions Implementation listed Rawa Majid and the Foxtrot Network. OFSI amended the entries for Paramount Energy & Commodities and its owner, Niels Oscar Troost. Under the global anti-corruption list, OFSI corrected the listing of Moldovan national Marina Tauber.
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The U.S. is likely to soon try to place export controls around open-source technologies, including technologies related to semiconductors and artificial intleligence, a geopolitical risk management consultant said.
Sean Carlesimo, a former State Department attorney-adviser, joined Miles & Stockbridge as a lawyer focusing on sanctions, export controls, foreign investment reviews and other international trade topics. Carlesimo left the State Department in March.
World Trade Organization members elected Argentina's Gustavo Nerio Lunazzi the new chair of the Council for Trade in Goods, the WTO announced.
China’s recently published rules to further implement its anti-foreign sanctions law makes clear that Beijing could take legal action against anyone helping to implement a foreign sanction aimed at China, Wilmer Hale said in a recent client alert.
China’s Ministry of Commerce this month issued new FAQs about its dual-use export controls, including guidance on how exporters should determine whether an item is subject to China’s controls.
Three senators introduced a bill April 9 that would authorize the Committee on Foreign Investment in the U.S. to review greenfield and brownfield investments in the U.S. by China and other “foreign countries of concern.”
House lawmakers reintroduced bills April 9 that would restrict oil exports to China and expedite liquefied natural gas exports to allies.
Sens. Mike Rounds, R-S.D., and Mark Warner, D-Va., introduced a bill April 10 aimed at preventing the smuggling of U.S. artificial intelligence chips into China.