U.S. and Chinese officials said the two countries are still on pace for Beijing to ease its restrictions over rare earths and for Washington to lift its countermeasures, including export controls.
The U.K. on June 26 amended various entries on its Russia sanctions list, the Office of Financial Sanctions Implementation announced. The U.K. made changes to entries for 14 people that were originally sanctioned for undermining Ukrainian sovereignty through their work at the Social Design Agency, a Russian social media and marketing firm. OFSI also revised the entries for two entities: Rosneft Marine (UK) and the Main Directorate of Deep-Sea Research of the Ministry of Defence of the Russian Federation.
The Office of Foreign Assets Control last week renewed a Russia-related general license that authorizes certain civil nuclear energy-related transactions with Russian entities. General License 115B, which replaces 115A, authorizes those transactions with Gazprombank and other financial institutions through 12:01 a.m. EST Dec. 19. The license was scheduled to expire June 30. OFAC also updated several FAQs to reflect the renewal.
President Donald Trump said June 27 he had been working on a plan to remove Iran sanctions, but he decided against the plan after objecting to comments recently made by Iranian leader Ayatollah Ali Khamenei.
The U.K. is looking to strengthen its export controls and broader trade defense “toolkit” to better guard against economic threats by third countries, the country said in its 100-page trade strategy released last week.
The Bureau of Industry and Security could streamline and strengthen its export license review process by improving its information sharing with other agencies involved in the process, especially the Defense, Energy and State departments, according to a new report by the Government Accountability Office.
European Parliament members this month urged the EU to step up sanctions against the Georgian government, list Iran's Islamic Revolutionary Guard Corps as a terrorist organization and designate Iranian officials for human rights breaches.
Kyrgyz national Sergei Zharnovnikov pleaded guilty June 25 to conspiracy to illegally export firearms and ammunition to Russia, the U.S. Attorney's Office for the Eastern Dstrict of New York announced. He faces a maximum of 20 years in prison.
President Donald Trump’s comment June 24 that China can now buy Iranian oil despite U.S. sanctions (see 2506240049) drew mixed reactions on Capitol Hill.
Rep. Joe Wilson, R-S.C., introduced a bill June 24 that would direct the executive branch to determine whether it should designate the Polisario Front as a foreign terrorist organization and sanction the Algeria-based paramilitary group.