While the U.S. and the EU are increasingly aligning their views on China, the two sides still don’t yet fully agree on how to use export controls, investment restrictions and other economic security tools to respond to economic and national security threats posed by Beijing, panelists during a Center for a New American Security event said last week. They also said they expect challenges facing American businesses in China to continue to grow, particularly if the U.S. pursues more trade restrictions and as Beijing builds out its anti-foreign sanctions laws.
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Senior U.S. sanctions and export control officials recently warned a group of American CEOs to do more due diligence on their semiconductor shipments, telling them Chinese suppliers are frequently sending their products to Russia.
The Biden administration hopes that new export controls and sanctions against Russia's war machine suppliers, including China, will spur Beijing to rethink its support for Moscow’s invasion of Ukraine, a State Department official said June 26.
The U.K.'s Office of Financial Sanctions Implementation on June 25 removed sanctions from Aleksei Nikolaevich Filippovskii, director of PJSC Alrosa, a company operating in Russia's mining sector. The U.K. had sanctioned Filippovskii for working in a "sector of strategic significance" to the Russian government. OFSI didn't provide more information.
Japan recently announced sanctions and export restrictions on people and companies for aiding Russian war efforts against Ukraine, including parties in China, India, Kazakhstan and Uzbekistan, according to an unofficial translation of a notice from Japan's Ministry of Economy, Trade and Industry.
Russia has been able to sustain its war effort against Ukraine because of its ability to evade Western export controls on key military parts and semiconductors, said Maria Snegovaya, a senior fellow with the Europe, Russia and Eurasia Program at the Center for Strategic and International Studies. She said Russia is importing large amounts of controlled items from China and continuing to indirectly buy from Eastern European nations like Turkey through transshipment tactics and shell companies.
A bipartisan group of five lawmakers urged congressional leaders in a June 25 letter to schedule House and Senate floor time on a bill that would allow Ukraine to receive hundreds of millions of dollars in Russian assets forfeited due to export control or sanctions violations.
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 by clicking on the hyperlinked reference number.
The Council of the European Union on June 24 sanctioned six people for cyberattacks on information systems involving "critical infrastructure, critical state functions, the storage or processing of classified information and government emergency response teams in EU member states." The individuals include members of Callisto, a group of Russian military intelligence offers carrying out cyber operations on EU member states and third countries. Others include members of the Armageddon hacker group, which is backed by Russia's Federal Security Service, and two developers of the Conti, Trickbot and Wizard Spider malwares.
The EU this week unveiled its 14th sanctions package against Russia for its war on Ukraine, including new due diligence rules for companies with counterparties that may be selling to Russia. The package also includes new measures to prevent sanctions evasion, new import and export controls, a set of servicing restrictions on certain Russian energy shipments, designations of more than 100 people and entities, and more.