Senate Banking Committee ranking member Elizabeth Warren, D-Mass., urged her fellow lawmakers Feb. 24 to oppose attempts to unwind measures that are designed to pressure Russia to seek peace with Ukraine. Following Russia’s February 2022 invasion of Ukraine, the U.S. imposed sanctions and export controls on Russia and provided arms to Ukraine, noted Warren, who said in a statement that she’s concerned President Donald Trump will make unwarranted concessions to Russian President Vladimir Putin in a bid to end the war. Instead of easing up on Moscow, the Trump administration should be heading off Russia’s attempts to evade U.S. sanctions with the help of China, Iran and North Korea, she said.
Sen. Rick Scott, R-Fla., and Rep. Lance Gooden, R-Texas, reintroduced a bill last week that aims to counter China’s attempts to steal U.S. trade secrets and intellectual property. The legislation also seeks to protect U.S. critical infrastructure and supply chains from foreign investment.
The Trump administration has ended a Biden administration policy requiring recipients of U.S. foreign military aid to provide written assurances that they will use those weapons in accordance with international humanitarian law, the Washington Post reported Feb. 24.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., urged the Commerce Department this week to decline to give the Elon Musk-led Department of Government Efficiency (DOGE) access to confidential business data, including information disclosed in export license applications filed with the Bureau of Industry and Security.
A new White House memo on President Donald Trump’s “America-first investment policy” previews efforts to expand both inbound and outbound foreign investment restrictions, tamp down on the use of mitigation agreements, fast-track investment deals from certain allies and more.
Senate Foreign Relations Committee Chairman Jim Risch, R-Idaho, welcomed the Trump administration’s designation of eight Latin America-based criminal groups as foreign terrorists. “I support the Trump Administration's efforts to use every tool at its disposal to combat the scourge of illicit narcotics & the cartels profiting from the damage they’re doing to Idaho communities,” Risch tweeted Feb. 20, the same day the State Department announced the designations (see 2502190011).
Sen. Chris Coons, D-Del., plans to reintroduce a bill that would require the administration to develop a strategy to use sanctions and other tools to protect civilians from Sudan’s civil war, a spokesperson said Feb. 21.
The U.S. and 10 of its close allies held the first meeting last week of the Multilateral Sanctions Monitoring Team (MSMT) Steering Committee, the group formed last year to report on North Korea-related sanctions violations and evasion. The committee, which also includes Australia, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, South Korea and the U.K., was established after Russia vetoed a U.N. Security Council proposal that would have extended the “panel of experts” that had been monitoring U.N. sanctions against North Korea (see 2410170003).
Karalyn Mildorf, a former partner at White & Case, has joined Clifford Chance to work on international trade and national security issues, the firm announced. Mildorf's practice centers on Committee on Foreign Investment in the U.S. matters, compliance with the U.S. outbound investment security program, and more, the firm said.
Ethiopia reaffirmed its commitment to "accelerating its accession process" to the World Trade Organization with aims to conclude talks by the 14th Ministerial Conference in March 2026, the WTO announced. WTO Director-General Ngozi Okonjo-Iweala met with Ethiopian Prime Minister Abiy Ahmed Ali and the country's steering committee on WTO access at the African Union Summit on Feb. 16 to discuss ramping up accession negotiations, the WTO said.