China on June 18 began issuing electronic “apostilles” for certificates of origin as part of a pilot program aimed at eliminating paper applications, a Foreign Ministry spokesperson said during a regular press conference. The apostilles will certify the authenticity of certificates of origin issued by the China Council for the Promotion of International Trade, and applications will “no longer need to go through any off-line procedures at consular authentication agencies,” the spokesperson said.
The Office of Foreign Assets Control this week renewed a Russia-related general license that authorizes certain transactions related to crude oil originating from the Sakhalin-2 project, an oil and gas development business based in Russia, as long as the Sakhalin-2 byproduct is solely for importation into Japan. General License 55D, which replaces 55C (see 2411210020), authorizes those transactions through Dec. 19. The license was scheduled to expire June 28.
The Council of the European Union on June 16 renewed the sanctions on Russia imposed in response to Russia's illegal annexation of Crimea and the city of Sevastopol, until June 23, 2026. The restrictions were initially imposed in 2014 and include a ban on the import of products originating from Crimea or Sevastopol and infrastructural or financial investments and tourism services from these areas. In addition, EU parties can't export certain goods to Crimean companies for use in Crimea in the transport, telecommunications and energy sectors or for the exploration and production of oil, gas and mineral resources.
A Texas-based industrial equipment supplier and its former CEO were fined millions of dollars for intentionally violating sanctions and export control laws, but the U.S. declined to prosecute its parent company after the firm voluntarily disclosed the violations and cooperated closely with DOJ’s investigation.
The U.S. has the power to force some manufacturing out of Canada and Mexico and have it locate in the U.S., so that those cars or other products avoid tariffs, a think-tank analyst said at a Washington International Trade Association event.
The Office of Foreign Assets Control this week fined California-based venture capital firm GVA Capital more than $215 million for allegedly violating U.S. sanctions against Russia and for failing to comply with an OFAC subpoena. The firm knowingly managed an investment for sanctioned Russian oligarch Suleiman Kerimov, OFAC said.
The Office of Foreign Assets Control last week sanctioned more than 40 people and entities tied to Iranian brothers Mansour, Nasser and Fazlolah Zarringhalam, who have laundered billions of dollars’ worth of funds through the international financial system for Iran's “shadow banking” network, the Treasury Department said. The designations target front companies in the United Arab Emirates and Hong Kong along with "affiliated businessmen" and others who have ties to sales of Iranian energy.
The Bureau of Industry and Security's recently issued advanced chip guidance appears to raise compliance expectations for industry, especially for banks and forwarders that may be indirectly or inadvertently violating export controls on China, lawyers said.
The Supreme Court on June 5 said the Mexican government failed to "plausibly allege" that seven U.S. gun manufacturers "aided and abetted gun dealers' unlawful sales of firearms to Mexican traffickers." As a result, the Protection of Lawful Commerce in Arms Act (PLCAA) bars the lawsuit, a unanimous court held.
Joseph Barloon, who was a general counsel at the Office of the U.S. Trade Representative during Donald Trump's first term, told Sen. Maria Cantwell, D-Wash., that he believes in rules-based trade.