A client alert this month from law firm Bracewell includes a table of Russian energy-related general licenses recently issued by the U.S., the U.K. and the EU, what they authorize and their expiration dates. The licenses cover certain transactions in light of sanctions against major Russian energy firms Rosneft, Lukoil, their subsidiaries, and other Russia-related transactions (see 2510290011, 2510220012 and 2510230014).
The Trump administration is examining a recommendation by Senate Democrats to sanction Chinese individuals and entities that buy liquefied natural gas from the U.S.-sanctioned Arctic LNG 2 project in Russia, the State Department said in a letter publicly released Nov. 24.
EU ministers and Parliament members this week urged the bloc to respond forcefully to China’s rare earth export restrictions if Beijing doesn’t repeal them or swiftly grant export licenses to European companies. Some also said they’re skeptical Beijing’s one-year suspension for some of its export controls will last.
House Delegate James Moylan, R-Guam, introduced a bill Nov. 21 that would require the Commerce Department to annually assess China’s advanced AI capabilities. The legislation, which is co-sponsored by Reps. Eugene Vindman, D-Va., and Bill Huizenga, R-Mich., was referred to the House Foreign Affairs Committee. Moylan, who revealed a day earlier that he planned to introduce the bill, said his proposal would help pinpoint loopholes in export controls (see 2511210027).
Rep. Brian Fitzpatrick, R-Pa., said Nov. 21 that he plans to file a discharge petition to force a House vote on a bill to impose additional sanctions on Russia and new tariffs on countries that buy its oil and gas.
The U.K.'s National Crime Agency said billion-dollar money laundering networks working out of the U.K. bought a bank in Kyrgyzstan to evade sanctions against Russia.
The U.S., Canada, Australia, New Zealand, the U.K. and the Netherlands issued a joint alert this month about the risks stemming from bulletproof hosting (BPH) providers, which are internet infrastructure providers that market and lease their infrastructure to cybercriminals, including those subject to sanctions.
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or clicking on the hyperlinked reference number.
The Bureau of Industry and Security needs more resources to address the surge in export license applications that’s expected if its new 50% rule comes back into effect with no changes, industry groups said, adding that otherwise, the agency risks severely delaying or pausing large volumes of trade.
The High Court of Singapore will consider whether an arbitral award can be enforced in Singapore in light of U.S. sanctions on the party slated to receive the award. Earlier this month, Judge Thomas Bathurst declined to first and separately consider whether the enforcement of the award is contrary to Singapore's public policy due to the sanctions, opting instead to consider that question along with the other elements of the arbitral dispute.