The increasing trend by Wassenaar Arrangement members, including those in the EU, of adopting export controls outside the regime reflects a shift away from multilateral bodies and “increases the risk of a patchwork of controls within the EU single market,” Akin said in a client alert.
To crack down on Hong Kong’s significant role in sanctions evasion, the U.S. should increase funding for the Bureau of Industry and Security’s budget, pass pending anti-money laundering legislation and sanction banks involved in the Chinese territory’s illicit trade, a Hong Kong expert said Sept. 18.
Beijing’s directive this week that banned its top technology companies from buying certain Nvidia chips could be aimed at boosting its leverage amid trade negotiations with the U.S., technology policy analysts said. But they also said the U.S. shouldn’t assume the ban is just a negotiating tactic, arguing that it may signal that China is doubling down on efforts to reduce its dependence on advanced U.S. chips and other technologies.
EcoBamboo, an Oklahoma-based importer of bamboo products used in privacy fencing and construction, has accused non-vessel-operating common carrier Ship4wd of violating the Shipping Act by failing to properly handle a shipment from Indonesia to the U.S., according to a complaint filed with the Federal Maritime Commission on Sept. 2.
The European Commission on Sept. 16 proposed a new agenda to "raise bilateral relations with India to a higher level." The proposal includes measures to boost defense industrial cooperation, and the commission said it supports launching negotiations for a "Security of Information Agreement to facilitate classified information exchange," which "will support closer security and defence cooperation." The commission also called for closer cooperation in addressing Russia's war in Ukraine, "shadow fleets, and sanctions." The proposal also mentions finalizing the ongoing EU-India Free Trade Agreement talks and reinforcing supply chains "while promoting critical emerging technologies and engagement on digital issues, with particular attention to strengthening economic security within the Trade and Technology Council."
The State Department recently approved possible military sales to Finland, Peru, Norway, Belgium and the Netherlands, the Defense Security Cooperation Agency said.
The Treasury Department's spring 2025 regulatory agenda for the Financial Crimes Enforcement Network includes one new mention of a rule to finalize the agency's beneficial ownership information reporting rule.
The Bureau of Industry and Security again renewed temporary denial orders for three Russian airlines accused of violating U.S. export controls against Russia.
Fifty Republican senators led by Senate Foreign Relations Committee Chairman Jim Risch, R-Idaho, sent a joint letter to British, French and German officials Sept. 16 praising their countries’ recent decision to reimpose U.N. “snapback” sanctions over Iran’s nuclear weapons program.
Sen. John Kennedy, R-La., announced Sept. 17 that he plans to introduce bipartisan legislation to seize about $300 billion in frozen Russian assets and make the funds available to Ukraine to better equip its military.