House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., has urged newly installed Treasury Secretary Scott Bessent to follow through on his pledge to increase sanctions on Russia over its war in Ukraine.
The Trump administration’s foreign aid freeze will hamstring efforts by international organizations such as Conflict Armament Research (CAR) to detect sales of American technology to foreign "adversaries," including Iran, North Korea and Russia, Sen. Richard Blumenthal, D-Conn., said Feb. 4.
President Donald Trump on Feb. 4 signed a memorandum that would restore the “maximum pressure” campaign against Iran he instituted during his first administration, including possibly through new sanctions.
The Trump administration should build on a January move by President Joe Biden that was designed to ease how the government authorizes transfers of missile technology-related exports to close allies, said Sean Wilson, a non-resident aerospace policy researcher with the Center for Strategic and International Studies.
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The U.K. should mirror the enforcement practices of U.S. agencies by publicizing the details of sanctions and export control penalties, which would help British companies better comply with trade restrictions, industry officials and a researcher told U.K. lawmakers this week. The U.K. should sharply raise penalties on businesses that violate sanctions to convince industry to invest more heavily in trade compliance, the researcher said.
Rep. Chip Roy, R-Texas, reintroduced a bill Jan. 31 that would direct the State Department to designate four Mexican drug cartels as foreign terrorist organizations.
Australia has announced sanctions on several groups and people under its counterterrorism financing sanctions authority, including an online group linked to attacks on critical infrastructure, entities tied to Russia and a senior Hezbollah official.
Secretary of State Marco Rubio said he officially brought back the Cuba Restricted List on Jan. 31, part of an effort by the Trump administration to reverse last-minute moves by President Joe Biden that removed certain sanctions against the country (see 2501220008 and 2501170021). The U.S. also added an entity to the list: Orbit, S.A., which the State Department said is a remittance-processing company with ties to the Cuban military. The Cuba Restricted List includes entities that are subject to certain financial restrictions because of their ties to the Cuban government.
Companies should expect Trump administration to take an increasingly aggressive stance on China-related inbound and outbound investment restrictions, especially because of the makeup of President Donald Trump’s team and key Cabinet officials, a former Treasury Department official and trade consultant said.