The U.K. corrected one entry under its Iran (nuclear) sanctions regime, the Office of Financial Sanctions Implementation announced. The listing for Farasakht Industries was updated with the company's address details.
The EU is working on a proposal to use "windfall profits" from its Russian sanctions regime in an aid package for Ukraine, European Commission President Ursula von der Leyen announced Oct. 27. The proposal would pool the assets, which currently are "benefitting a limited number of financial institutions in the" EU, and channel them via the EU budget "en bloc" for Ukraine's reconstruction.
A new executive order on artificial intelligence signed by President Joe Biden this week doesn’t explicitly mention export controls or other trade restrictions, but it does outline the administration's goal of working with other countries to protect against dangerous uses of AI and maintaining U.S. leadership in the technology. The Commerce Department also said the Bureau of Industry and Security, as well as other agency offices, will "be responsible for carrying out a significant portion of the EO’s objectives."
Correction: DOJ's lawsuit against SpaceX, looking into whether the space exploration firm wrongly relied on export control laws to justify its alleged hiring discrimination, is unconstitutional, the company said in a Sept. 15 complaint (see 2309210029).
The Bureau of Industry and Security recently published a set of frequently asked questions to provide guidance for exports to Israel. BIS said it’s able to expedite certain Israel-related export applications in light of the ongoing war in the region. It said the Palestinian territories of Gaza and the West Bank aren't recognized as separate destinations from Israel under the Export Administration Regulations, so items that require a license for Israel also need a license for those Palestinian territories.
A Commerce Department decision last week to suspend new export licenses for certain firearms, parts and ammunition caught the industry by surprise and has caused confusion about what types of shipments will be impacted. The announcement came after an uptick in license processing times in recent months, an industry lawyer said, and could lead to a surge in purchases of U.S. firearms by foreign customers that fear the suspension could be a harbinger of permanent change.
The U.K.'s Office of Financial Sanctions Implementation on Oct. 27 updated its general Russian sanctions license permitting payments to sanctioned telecommunication and news media service firms. The update clarifies that PJSC MegaFon and its subsidiaries and Digital Invest Limited Liability Co. are sanctioned civilian telecommunication companies, while also extending the license until May 30, 2026.
The U.K. High Court on Oct. 26 rejected an application from Russian oligarch Mikhail Fridman to overturn the U.K.'s decision to refuse three licenses for payments related to the businessman's property and his management company. The court said the U.K.'s Office of Financial Sanctions Implementation legally concluded that a license may not be granted if the payment is made "directly" or "indirectly" to another designated individual or entity.
The EU for the first time released a compilation of member states' national export control lists, allowing member state nations to "impose authorisation requirements on exports of items included in other Member States’ control lists, as long as these are included in the Commission’s own compilation," the commission's Directorate-General for Trade announced. The first list is made up of Dutch controls on semiconductor manufacturing equipment as well as Spanish controls on quantum computing technology, additive manufacturing and other emerging technologies, the commission said. The EU will update the list as member states report new or amended export control measures.
Japan's Ministry of Economy, Trade and Industry recently updated its list of common "high-priority" goods barred from being exported to Russia, according to an unofficial translation. The items on the list, updated Oct. 20, include electronics parts, such as integrated circuits and transistors, wireless equipment and cameras. The full list has 45 types of goods, sorted into four tiers based on the level of importance to the Russian government. The move comes about one month after the U.S. and others expanded their list of common high-priority items that exporters and others should closely monitor for potential diversion to Russia (see 2309200031).