The Commerce Department’s Bureau of Industry and Security is amending the Export Administration Regulations (EAR) to remove Venezuela from Country Group B and add it to Country Groups D:1-4, which “lists countries of national security concern” and adds new licensing requirements while restricting the use of certain license exceptions for exports. The changes take effect May 24.
In the May 21 edition of the Official Journal of the European Union the following trade-related notices were posted:
Secretary of Energy Rick Perry said Congress will soon pass a bill placing sanctions on Nord Stream 2, the Russian gas pipeline to Germany, Reuters reported May 21. The bill would likely place significant restrictions on companies involved in the project. Perry said the bill will appear in the “not too distant future,” according to Reuters. “The United States Senate is going to pass a bill, the House is going to approve it, and it’s going to go to the President and he’s going to sign it, that is going to put sanctions on Nord Stream 2.”
The State Department designated 22 people, entities or their subsidiaries under the Iran, North Korea, and Syria Nonproliferation Act for trading goods that may be used for weapons of mass destruction or ballistic missile systems, the department said in a Federal Register notice to be published May 22. The additions include people and entities associated or located in China, Iran, Russia and Syria.
Export Compliance Daily is providing readers with some of the top stories for May 13-17 in case they were missed.
The Department of Justice is working on more ways to reward corporate compliance programs and searching for benefits that extend beyond lenient rulings on violations, said Claire McCusker Murray, the DOJ's principal deputy associate attorney general.
In the May 20 edition of the Official Journal of the European Union the following trade-related notices were posted:
The U.S. should impose sanctions and limit weapons shipments from countries and companies that contribute to terrorism and conflict in Libya, panelists said at a House Foreign Affairs subcommittee hearing on May 15. The Subcommittee on the Middle East, North Africa, and International Terrorism sought testimony on "The Conflict in Libya."
The Trump administration's decision to examine emerging technologies as candidates for export controls could cost U.S. businesses tens of billions of dollars and threaten thousands of jobs, the Information Technology and Innovation Foundation said in a new report. If substantial export controls are enacted, the report warns, firms “could lose $14.1 [billion] to $56.3 billion in export sales over five years, with missed export opportunities threatening from 18,000 to 74,000 jobs.”
The Commerce Department's Bureau of Industry and Security is issuing a general license temporarily allowing certain transactions with Huawei and 68 of its affiliates without new licensing requirements set by their recent addition to the Entity List. The general license is scheduled for publication in the May 22 Federal Register, and will remain in effect from May 20 through Aug. 19.