The Office of Foreign Assets Control sanctioned 12 people and eight entities this week for their involvement in illegal drug trade, including people in Europe, the Asia Pacific and Latin America.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Semiconductor companies should expect more export control rules from the Bureau of Industry and Security before the Trump administration takes office, including possibly new licensing rules and record-keeping requirements for certain chip exports to destinations outside of China, trade lawyer Charles Capito said.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, said Dec. 17 that lawmakers have forged a compromise on legislation to restrict U.S. outbound investment in China.
An indictment was unsealed last week charging Russian national Alexey Komov with conspiracy and U.S. sanctions violations stemming from his aid to sanctioned Russian oligarch Konstantin Malofeyev, the U.S. Attorney's Office for the Southern District of New York announced. Komov allegedly conspired with Malofeyev to recruit an American citizen, Jack Hanick, to start and operate a television network in Russia.
Rep. Bill Keating, D-Mass., introduced a bill Dec. 11 that would codify Russia sanctions imposed under nine executive orders: 13849, 13883, 14024, 14039, 14065, 14066, 14068, 14701 and 14114. It is identical to a bill that Senate Foreign Relations Committee Chairman Ben Cardin, D-Md., introduced in September.
Donald Trump's return to the White House brings a "lack of predictability," Baker McKenzie attorneys said during a webinar last week on how threatened tariffs could affect countries around the globe.
The EU on Dec. 16 announced its 15th sanctions package against Russia, designating nearly 100 new people and entities and taking other measures designed to prevent circumvention of EU sanctions.
The Council of the European Union renewed its sanctions regime on Guatemala until Jan. 13, 2026. The regime currently lists five people.
The Council of the EU added four people to its Sudan sanctions regime and three people to its Haiti sanctions list on Dec. 16.