One day after European Commission President Ursula von der Leyen told AFP that the bloc won't "tolerate" a trade imbalance with China, a Chinese Foreign Ministry spokesperson said China has never sought a trade surplus with Europe and pushed back on the notion that the trading relationship has hurt the EU.
Robert Wise, a New York-based lawyer who helped manage luxury properties for sanctioned Russian billionaire Viktor Vekselberg, was sentenced Dec. 5 to one year of house arrest followed by one year of probation. U.S. District Court for the Southern District of New York Judge Mary Kay Vyskocil also levied a $100,000 fine against the lawyer, to be paid out in $8,333.33 monthly installments over the next year.
The U.S. charged Belgian national Hans Maria De Geetere this week in two separate indictments for allegedly helping to illegally export "military-grade technology" from the U.S. to end-users in China and Russia, DOJ said. The agency said the business owner tried to procure more than $2 million worth of illegal exports from undercover government agents, and told one Commerce Department agent that a shipment was destined for Belgium when it was actually meant for Hong Kong.
The convenors of e-commerce negotiations at the World Trade Organization -- Australia, Japan and Singapore -- are hoping the talks can conclude in early 2024, the WTO said. Unveiling a negotiating road map during a recent meeting, the three countries said the remaining few weeks of 2023 will focus "on bridging the gaps on outstanding issues, such as e-payments, telecommunications and information and communication technology products that use cryptography." Participants in the talks have now "parked" the negotiating text on privacy, the WTO added, raising the number of "parked," or temporarily concluded, topics to 13. Remaining topics include the "scope, exceptions and legal architecture of the future agreement."
The U.K.'s Solicitors Regulation Authority fined British law firm Ashfords LLP about $128,000 for violating the country's anti-money laundering and terrorist financing regulations. The U.K. said Ashfords, in helping a property investment company conduct a transaction, failed to discover or act on a potential link between the company and one of its sanctioned beneficial owners.
The European Commission on Dec. 1 sent the European Council the deal it reached with Japan on cross-border data flows to be included in the EU-Japan Economic Partnership Agreement. If the council authorizes it, the amendment to the EPA will be sent to the European Parliament for consent, after which it would take effect, the commission announced.
The EU General Court on Nov. 29 accepted the second application from Alexander Pumpyanskiy, son of Russian oligarch Dmitry Pumpyanskiy, to annul his sanctions relisting, according to an unofficial translation. The court rejected his claim for damages. Pumpyanskiy was sanctioned in March 2022 after Russia's invasion of Ukraine, because of his relationship to Dmitry Pumpyanskiy, and because he was president and board member of the Sinara Group.
The EU General Court on Nov. 29 rejected Russian oligarch German Khan's challenge to his sanctions listing, according to an unofficial translation. The listing criteria had a proper legal basis and were not disproportional, the court said.
The European Commission on Nov. 28 imposed provisional antidumping duties on polyethylene terephthalate (PET) plastic product imports from China. The duties will range from 6.6% to 24.2%, and companies not given a specific rate will face the 24.2% dumping rate, the commission announced. It said the duties stem from an EU investigation provisionally finding that Chinese imports present "a threat of a clearly foreseeable and imminent injury to EU industry."
The World Trade Organization's Dispute Settlement Body on Nov. 27 agreed to Indonesia's request to set up a dispute panel to review the EU's countervailing duties on biodiesel from Indonesia, the WTO announced. The EU said it believes its duties "are fully justified, adding that it is confident its measures will be declared in line with WTO law," the WTO said. The U.S., the U.K., Norway, Russia, Thailand, Singapore, Japan, China, Canada, Argentina and Turkey reserved their third party rights to take part in the panel proceedings.