The Treasury Department’s recent sanctioning of a Chinese oil refinery for buying and refining Iranian crude (see 2503200014) was a "great first step" but should be expanded to other refineries to ensure Tehran's energy revenue is significantly reduced, a researcher told a congressional panel April 1.
Sens. Lindsey Graham, R-S.C., and Richard Blumenthal, D-Conn., introduced a bill April 1 to sanction Russia and its supporters if Moscow refuses to negotiate a peace agreement with Ukraine in good faith or undermines Ukraine’s sovereignty after a peace deal is reached.
The Office of Foreign Assets Control on April 2 released quarterly reports on certain licensing activities for Iran, covering the period from October 2024 through December 2024. The reports provide licensing statistics for exports of agricultural goods, medicine and medical devices as required by the Trade Sanctions Reform and Export Enhancement Act of 2000.
The U.K. on April 2 added 12 people and one entity to its global anti-corruption sanctions regime. The Office of Financial Sanctions Implementation added Russian non-profit Evrazia for its ties to sanctioned Israeli-born Russian oligarch Ilan Shor. The listed individuals include board members of Evrazia and members of the judiciary in Guatemala and Georgia.
The Office of Foreign Assets Control on April 2 removed Russian national Karina Rotenberg, also known as Karina Gapchuk Fox, from its Specially Designated Nationals List. Rotenberg was sanctioned for allegedly helping her husband, Russian businessman Boris Rotenberg, evade sanctions, according to OpenSanctions.org. Boris Rotenberg was designated in 2014. OFAC didn’t release more information.
The Office of Foreign Assets Control sanctioned a network of people and companies connected to Sa’id al-Jamal, a sanctioned senior Houthi financial official backed by Iran’s Islamic Revolutionary Guard Corps-Qods Force. OFAC said the network has bought tens of millions of dollars’ worth of commodities from Russia, including weapons and other sensitive goods, for the Houthis in Yemen. The agency also sanctioned eight digital asset wallets used by the Houthis to move money.
The Trump administration should reverse a planned $20 million funding cut for the Bureau of Industry and Security, which will hamper the agency’s ability to enforce export controls and weaken American technology competitiveness, a tech policy non-profit said this week.
The Bureau of Industry and Security reinstated a pause on export license applications last week, four people with knowledge of the situation said, days after officials announced at the agency’s March update conference that licensing was expected to soon return to normal.
Ken Wainstein, a former U.S. national security prosecutor and intelligence official, has joined Mayer Brown as a lawyer advising on export controls, sanctions, foreign direct investment and other national security enforcement issues. Wainstein was most recently the DHS undersecretary for intelligence and analysis.
World Trade Organization members on April 1 appointed Pakistan's Ali Sarfraz Hussain the new head of the Committee on Agriculture in a special session, the WTO announced. Hussain will lead agriculture talks with the goal of achieving a "meaningful outcome" at the 14th Ministerial Conference, which is set for March 26-29, 2026, the WTO said. Hussain takes over for Turkey's Alparslan Alcarsoy. The new chair will also head the Committee on Agriculture's special session subcommittee on cotton and will meet with "delegations and group coordinators over the coming days." After these meetings, Hussain said he will invite members to an informal special session meeting and dedicated sessions on "public food stockholding and the 'special safeguard mechanism' in the third week of April."