Secretary of State Marco Rubio defended President Donald Trump’s recent decision to lift sanctions on Syria (see 2505130061), saying the country’s transitional authority might collapse in weeks or months without outside assistance, a situation that could lead to civil war.
The U.K. released two sanctions licenses on May 20 permitting parties to wind down their financial positions involving St. Petersburg Currency Exchange and non-bank credit organization Joint-Stock Company Petersburg Settlement Center and to pay insurance premiums to the State Corporation Deposit Insurance Agency. The St. Petersburg Currency Exchange license permits any party to wind down from transactions involving the exchange or the Joint-Stock Company Petersburg Settlement Center and expires on June 19, 2025. The State Corporation Deposit Insurance Agency license runs indefinitely but requires parties making such premium payments to keep accurate records of any activity taken under the license for a minimum of six years.
The U.K. on May 20 added 82 entries to its Russia sanctions regime and seven entries to its global human rights sanctions list. The additions to the Russia sanctions list include 20 individuals and 62 entities and cover dozens of financial services companies and their executives, along with Chinese entities Electronic Scientific Engineering, Innopolis, Shanghai New Chess Co. and Shanghai New Chess Int'l Logistics Co.
The Office of Foreign Assets Control is authorizing certain transactions related to the M.V. Tinos I, a vessel owned by sanctioned Iranian national and liquified petroleum gas magnate Seyed Asadoollah Emamjomeh (see 2504220032), while it's in the U.S.
The Bureau of Industry and Security is working on two export-control-related notices that could outline general authorizations for certain controlled exports. One notice is titled “GENERAL AUTHORIZATION NO. 1 Limited Use Cases,” and the other is “GENERAL AUTHORIZATION NO. 2 Re-exportation.” BIS sent both notices to the Office of Information and Regulatory Affairs on May 19. The agency didn’t release more information and didn’t respond to a request for comment.
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The EU officially approved a new Russia sanctions package this week, targeting hundreds of ships, people and entities while adding new items to its export control list.
Members of a U.S. commission on China said they approved of the Trump administration’s AI chip agreement with the United Arab Emirates last week, but they also stressed that the deal should have stringent security guardrails in place to verify that any U.S. chips aren’t being sent on to Beijing.
The Bureau of Industry and Security suspended the export privileges of six people after they were convicted of export-related offenses, including illegal shipments to companies owned by a sanctioned Russian oligarch and the smuggling of firearms and engine parts to Mexico. The suspensions took effect from the date of their convictions.
Three House Republican lawmakers, including House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., asked Harvard University May 19 to provide all communications it has had since 2019 with entities “blacklisted” by the U.S. government.