President Donald Trump posted on social media that U.S. soybean growers are hurting "because China is, for 'negotiating' reasons only, not buying. We’ve made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers. I WILL NEVER LET OUR FARMERS DOWN!"
The U.K. on Oct. 1 reimposed nuclear-related sanctions on Iran covering 121 people and entities, which were paused after the 2015 Iranian nuclear deal. The reimposition of the restrictions follows the reinstatement of the so-called "snapback" sanctions earlier this week at the U.N. (see 2508280033).
The Office of Foreign Assets Control this week sanctioned nearly 40 people and entities with ties to networks helping to buy sensitive goods and technology for Iran’s Ministry of Defense and Armed Forces Logistics, along with its missile and military aircraft production efforts.
House Foreign Affairs Europe Subcommittee Chairman Keith Self, R-Texas, unveiled a bill Sept. 30 to codify a new interim final rule that will place subsidiaries on the Bureau of Industry and Security’s Entity List or Military End-User List if they are owned 50% or more by companies on those lists.
The Bureau of Industry and Security this week fined British Virgin Islands-based company Hallewell Ventures and its owner, Albert Avdolyan, $374,474 for violating sanctions against Russia. BIS said Hallewell illegally reexported a Bombardier Global 7500 jet from the Maldives to Russia without a license.
A Canada-headquartered biotechnology company agreed to pay the Bureau of Industry and Security $685,051 after admitting to illegally exporting water quality testing and analytical instruments to Iran. BIS said the company knew the shipments violated U.S. export controls, adding that it worked to “conceal” the destination of the exports by falsely listing a United Arab Emirates freight forwarder as the ultimate consignee, undervalued the items to avoid UAE customs scrutiny, and left out references to Iran in the invoice.
Processing of most export license applications, as well as sanctions licenses, will pause during the government shutdown that began Oct. 1, although export enforcement operations and national security-related investigations will continue, the Commerce, State and Treasury departments said this week.
Turkish Airways will buy up to 75 advanced Boeing 787 Dreamliner aircraft and plans to purchase up to 150 more 737 MAX airplanes as part of a $30 billion deal with Boeing, the Commerce Department announced last week. "The $30 billion agreement for Boeing 787 Dreamliner aircraft will include an estimated $25 billion in U.S. export content," Commerce said.
House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., criticized the Bureau of Industry and Security’s new final rule rescinding the Biden administration’s increased restrictions on firearms exports (see 2509290045), saying the move will diminish government oversight of such transactions.
Sen. John Kennedy, R-La., introduced a resolution Sept. 29 urging the executive branch and U.S. allies to seize frozen Russian assets under the jurisdiction of Group of Seven nations and disburse them to Ukraine in tranches of at least $10 billion a month until expended.