Rep. Gregory Meeks, the top Democrat on the House Foreign Affairs Committee, introduced a bill last week that could lead to sanctions on any person or entity “endangering” the Zaporizhzhia nuclear power plant in Ukraine. The New York lawmaker said Russia has begun forced evacuations of the plant’s employees, leaving it “dangerously understaffed.”
A group of House members asked President Joe Biden to reverse sanctions on Cuba and Venezuela, saying the measures are contributing to historic levels of migration to the U.S. But Sen. Bob Menendez of New Jersey, the top Democrat on the Senate Foreign Relations Committee, said U.S. sanctions aren’t the root cause of the migration, and the U.S. should find other ways to address the issue.
The Office of Foreign Assets Control removed Czech Republic-based Skoda JS A.S. from its Sectoral Sanctions Identifications List. The entity had been subject to certain Russia/Ukraine-related restrictions and had ties to Gazprombank, OFAC said. The agency didn’t immediately release more information.
World Bank borrower countries awarded 28 contracts to entities that may have been on U.S. sanctions or export control lists from 2017 to 2021, the Government Accountability Office said in a report released last week. The bank doesn't disqualify businesses on U.S. sanctions or watch lists, and all entities from all countries can bid for borrower contracts, the report said, except for certain entities debarred by the World Bank or sanctioned by the U.N.
The House Foreign Affairs Committee could soon consider legislation that would harmonize various U.S. sanctions lists in a bid to help agencies better reach consensus when reviewing export license applications. Rep. Michael Waltz, R-Fla., said the Commerce Department has an outsized vote in adjudicating applications of sensitive exports and should be required to more carefully weigh input from other agencies, including the Defense and State departments.
The England and Wales Commercial Court rejected commercial bank UniCredit's claim it is not liable in civil proceedings, even where it otherwise would have been held liable, if it held a "reasonable belief" it was acting in compliance with sanctions regulations. The court said this defense did not apply to the bank, forcing UniCredit to pay its debt related to the lease of an aircraft to Russian companies. The court said that while UniCredit believed it was following the U.K.'s Russia sanctions regime by not paying Celestial Aviation Services, UniCredit's real motive was to delay payment to shield its cashflow rather than ensure sanctions compliance.
The U.S. should deploy “targeted and responsible” trade measures to restrict Chinese access to sensitive technologies, not ones that cut off a broad range of transactions between American and Chinese firms, U.S. Chamber of Commerce CEO Suzanne Clark said during an industry conference this week.
DOJ seized 13 web domains used by Specially Designated Nationals and Global Terrorists and their members linked with Lebanese Hezbollah. The department received court authorization to seize five domains registered to the Public Interest Registry and eight domains registered to Verisign, DOJ said May 11. It said sanctioned parties cannot "obtain services, including website and domain services," without a license from the Office of Foreign Assets Control.
The Bureau of Industry and Security this week suspended the export privileges of five people, including four for illegal exports of guns or ammunition and one person for illegally exporting services to North Korea.
The chairman of the powerful House Rules Committee used his perch to promote a bill he sponsored that would allow the president to lower duties on non-import-sensitive goods made by a country that lost exports due to coercive actions; increase duties on imports from the "foreign adversary" committing the coercion; and allow the U.S. to more easily facilitate trade, including exports, with the coerced parties (see 2302230021).