The EU should require member states to report Russia-related sanctions enforcement data, audit their sanctions implementation efforts and step up enforcement against violators, a think tank network said in a set of 11 policy recommendations for 2024. The group said implementation and enforcement of Russia sanctions “will be critical” this year.
The U.S. is likely to continue using export controls, investment restrictions and other economic policy tools against China this year, particularly as the upcoming presidential election draws closer, trade and economic policy experts said this week.
The House on Jan. 12 passed a bill aimed at helping the Treasury Department find terrorists, Russian oligarchs and corrupt government officials.
The House Select Committee on China has sent letters to the chief executives of U.S. chipmakers Intel, Nvidia and Micron Technology asking them to testify before the panel about the challenges their industry faces, a person close to the committee said Jan. 12, confirming a Financial Times report. A hearing date has not yet been determined, the person said.
India and the U.S. should aim for "economically meaningful outcomes" from better customs and trade facilitation, supply chain linkages, trade in high-tech products and trade in critical minerals between the two countries, India's commerce minister and U.S. Trade Representative Katherine Tai said in a joint statement.
The U.N. Security Council and the U.K. last week amended 14 entries under their ISIL (Da'Esh) and al-Qaida sanctions regimes. The changes affect the listings for 12 people and two entities, including to reflect that some are reportedly deceased. All entries remain subject to an asset freeze.
The Office of Foreign Assets Control last week removed sanctions for 9H-OKO, an aircraft that it had sanctioned in 2022 for being owned by Emperor Aviation, a Malta- and Russia-based aircraft management company. The agency didn’t provide more information about the removal.
A new set of U.S. sanctions last week targeted one person and three entities involved in transferring and testing missiles shipped between North Korea and Russia, the State Department said.
Turkish trading company Cncform Group is selling computer numerical control machines to Russian importers with ties to sanctioned Russian aviation companies and military end users, according to compliance risk advisory firm Kharon.
The Office of Foreign Assets Control last week sanctioned two companies, in Hong Kong and the United Arab Emirates, along with their vessels, for shipping Iranian goods on behalf of a financial facilitation network for the Houthi rebels.