The U.S. may consider lifting sanctions on countries significantly impacted by the COVID-19 pandemic, Secretary of State Mike Pompeo said. While Pompeo said the U.S. provides exemptions for exports of humanitarian goods, he suggested the Trump administration will review its sanctions regimes. “Would we ever rethink it? Of course,” Pompeo said during a March 31 press conference. “We’re constantly trying to make sure we have our policies right.”
The State Department is seeking comments on an information collection related to advisory opinion requests made by companies exporting defense goods or services, the State Department said in a notice. The collection applies to companies that seek opinions about whether the Directorate of Defense Trade Controls would be likely to grant a license for a particular defense export, the notice said. Comments are due June 1.
State Department Seeking Comments Related to Certain DDTC Registration Changes for Defense Exporters
The State Department is seeking comments on an information collection related to notifications submitted to the agency concerning changes in registration information, according to a notice. The information collection applies to companies registered with the Directorate of Defense Trade Controls involved in “producing or marketing” goods controlled under the International Traffic in Arms Regulations. The collection also applies to companies who may be involved in a merger, acquisition or divestiture of a company that deals in ITAR-controlled items. Comments are due June 1.
A United Kingdom bank was fined more than £20 million by the U.K.’s Office of Financial Sanctions Implementation for violating Ukraine-related sanctions, OFSI said in a notice released March 31. OFSI said Standard Chartered Bank (SCB) made more than 100 loans to Denizbank A.S., which is owned by Russia-based Sberbank, an entity sanctioned by the European Union. While some of the loans qualified for an EU exemption under the sanctions regime, about 70 of the loans did not qualify. OFSI estimated the value of the 70 loans at about $290 million and deemed the case “most serious.”
The U.S. is renewing the authority to sanction foreign “malicious cyber-enabled activities,” the White House said March 30. The sanctions, which were renewed for one year beyond April 1, 2020, authorize the U.S. to block assets of people and entities involved in certain cyber attacks under the International Emergency Economic Powers Act.
The U.S. renewed several sanctions waivers (see 1905030044) to allow European, Chinese and Russian companies to continue working on Iranian nuclear facilities, the State Department said in a March 30 notice. The announcement will allow work to continue at Arak heavy-water research reactor, the Bushehr nuclear power plant, the Tehran Research Reactor and “other nuclear initiatives” despite U.S. sanctions, according to a March 30 Reuters report. The State Department renewed the waivers for 60 days.
Rosneft, the U.S.-sanctioned Russian energy company, has stopped operating in Venezuela and sold “all of its interest” in Venezuelan businesses, the company said March 28. Rosneft said it will no longer participate in “joint ventures” with Venezuelan entities “as well as oil-field services companies, commercial and trading operations.” The company’s announcement came weeks after the Treasury’s Office of Foreign Assets Control sanctioned Rosneft subsidiaries for operating in Venezuela (see 2002180033 and 2003120033). Rosneft has criticized U.S. sanctions, calling them illegal and saying in February it was seeking “legal protection” (see 2002210022).
The European Union renewed sanctions against Libya, the EU said in a March 30 notice. The sanctions were extended for six months.
The World Trade Organization recently updated a guidance detailing how the COVID-19 pandemic is impacting world trade, saying every WTO member is “free” to impose export controls on key medical supplies. However, the WTO stressed that international trade is “crucial to ensuring access to medicines and other medical products,” and said members should not impose controls that “discriminate” or “constitute a disguised restriction.” The guidance also contains an updated list of member notifications to the WTO that detail export control actions and other trade measures to combat the spread of the coronavirus and the disease it causes. Several countries have said they are committed to keeping trade lanes open and stressed the importance of refraining from imposing export controls during the pandemic (see 2003260029).
Export Compliance Daily is providing readers with some of the top stories for March 23-27 in case you missed them.