The U.K.’s Office of Financial Sanctions Implementation emailed a reminder to industry this week about new sanctions reporting requirements for certain art dealers, real estate agents and insolvency practitioners. As of May 14, those people “are legally required to comply with relevant firms reporting obligations in the UK,” OFSI said, including reports about suspected sanctions violations.
The U.S. this week sanctioned two Hezbollah officials and two people who help the group receive money from overseas donors, which contribute a “significant portion of the terrorist group’s overall budget,” the Treasury Department said.
The Office of Foreign Assets Control issued a new general license that eliminates the expiration date for certain authorized transactions with the Caspian Pipeline Consortium, an international crude oil transportation project involving Russia, and the Tengizchevroil project, another oil venture involving Chevron and Kazakhstan. New General License 124 authorizes certain transactions with those projects that would normally be prohibited under a January determination that blocks the provision of U.S. petroleum services to parties in Russia (see 2501100027).
China criticized new guidance from the Bureau of Industry and Security this week that said using Huawei Ascend chips likely violates export controls (see 2505130018), saying the announcement is another example of U.S. “unilateral bullying.”
The U.K. plans to impose swifter and more “robust” penalties on sanctions violators as part of an effort to better deter companies and others from breaching trade and financial restrictions, the country said this week.
Chris Pratt, President Donald Trump’s nominee to be assistant secretary of state for political-military affairs, said May 15 that the Trump administration has directed him to address the delays and other complaints that are frequently made about the U.S. defense export process, including the International Traffic in Arms Regulations (ITAR).
The EU has agreed to a 17th package of sanctions against Russia, European Commission President Ursula von der Leyen said May 14 on social media. The package includes more restrictions on Russian access to "battlefield technology" and the designations of 189 so-called shadow fleet vessels helping Russia move energy exports, she said. "This war has to end," von der Leyen said. "We will keep the pressure high on the Kremlin." The EU didn't immediately release more information about the measures, which are expected to be formally released in the coming days.
The Senate Commerce Committee voted 17-11 May 14 to approve former Energy Department official Paul Dabbar to be deputy commerce secretary, sending his nomination to the full Senate for its consideration. Asked in written questions whether he would ensure the Bureau of Industry and Security has the resources necessary to do its job, Dabbar said he would ensure the Commerce Department, including BIS, “completes its mission.” He also said he would work to "tighten export controls on critical and emerging technologies."
President Donald Trump this week renewed a national emergency authorizing certain sanctions related to Iraq. The White House said "obstacles to the orderly reconstruction" of peace, security and economic institutions in Iraq continue to threaten U.S. national security. The sanctions were renewed for another year from May 22.
The Office of Foreign Assets Control sanctioned six people and 12 entities in Iran and China for helping Iran source the manufacturing of critical materials needed for the country's ballistic missile program, including carbon fiber.