The U.S. last week sanctioned the Yemen Kuwait Bank for Trade and Investment, a Yemeni bank that it said has given financial support to the Yemen-based Houthis. The Treasury Department said the Houthis, listed by the U.S. as a specially designated global terrorist last year (see 2401170025), use the bank to launder money, transfer funds, and create and finance front companies.
Jake Sullivan, in one of his final public appearances as national security adviser under President Joe Biden, urged the incoming Trump administration to continue imposing technology restrictions against China and to do so in coordination with U.S. allies.
California-based machine tool manufacturer Haas Automation will pay more than $2.5 million to the U.S. government after being accused of illegally shipping parts and other items to sanctioned and Entity Listed companies in China and Russia.
China “firmly opposes” the Netherlands’ plan to expand export controls over certain semiconductor equipment (see 2501150057), which “threatens the stability of the global semiconductor industry chain and supply chain,” a Chinese Commerce Ministry spokesperson said this week at a regular press conference, according to an unofficial translation. The spokesperson said Beijing has “expressed its deep concern” to the Netherlands and said it hopes the country will “respect market principles,” the “spirit of contract” and the “legitimate rights and interests of companies from all countries, including Chinese and Dutch companies.”
China pushed back this week against the Biden administration’s latest round of semiconductor-related export controls (see 2501130026 and 2501150040) and Entity Listings (see 2501150016), saying they risk further straining trade ties between the two countries. Beijing also added four more U.S. defense companies to its so-called unreliable entity list and said it’s reviewing whether U.S. subsidies for the American chip industry are unfairly propping up U.S. exports of legacy semiconductors.
The U.K. amended the sanctions listing of Russian energy company Gazprom Neft under the Russia sanctions regime. The Office of Financial Sanctions Implementation updated the business registration number of the company.
President Joe Biden this week removed references to Turkey from a 2019 executive order that authorizes certain sanctions against Syria. The order had partly authorized certain sanctions against people and entities associated with “recent actions by the Government of Turkey to conduct a military offensive into northeast Syria,” including former or current government officials and companies operating in certain sectors of the Turkish economy.
The U.S. this week sanctioned Abdel Fattah Al-Burhan for being the leader of the Sudanese Armed Forces (SAF), the group locked in monthslong fighting with the country’s Rapid Support Forces that has harmed innocent civilians, the Treasury Department said. The agency also sanctioned Ahmad Abdalla, who is a Sudanese-Ukrainian national working for Defense Industries System, the primary procurement arm of the SAF, and Portex Trade Limited, which is a Hong Kong-based company controlled by Abdalla.
The Office of Foreign Assets Control this week sanctioned two people and four entities for helping the North Korean government earn revenue overseas, including through information technology workers stationed around the world.
The Biden administration’s last-minute publication of complex, consequential national security-related rulemakings appear to “bypass standard rulemaking processes” and are creating challenges for American technology companies, six trade groups representing major U.S. tech firms wrote in a letter to President Joe Biden earlier this week.