Beijing’s directive this week that banned its top technology companies from buying certain Nvidia chips could be aimed at boosting its leverage amid trade negotiations with the U.S., technology policy analysts said. But they also said the U.S. shouldn’t assume the ban is just a negotiating tactic, arguing that it may signal that China is doubling down on efforts to reduce its dependence on advanced U.S. chips and other technologies.
The Treasury Department's spring 2025 regulatory agenda for the Financial Crimes Enforcement Network includes one new mention of a rule to finalize the agency's beneficial ownership information reporting rule.
The Bureau of Industry and Security again renewed temporary denial orders for three Russian airlines accused of violating U.S. export controls against Russia.
Fifty Republican senators led by Senate Foreign Relations Committee Chairman Jim Risch, R-Idaho, sent a joint letter to British, French and German officials Sept. 16 praising their countries’ recent decision to reimpose U.N. “snapback” sanctions over Iran’s nuclear weapons program.
Sen. John Kennedy, R-La., announced Sept. 17 that he plans to introduce bipartisan legislation to seize about $300 billion in frozen Russian assets and make the funds available to Ukraine to better equip its military.
The State Department this week announced the designations of four Iran-aligned militant groups as Foreign Terrorist Organizations. The groups -- Harakat al-Nujaba, Kata’ib Sayyid al-Shuhada, Harakat Ansar Allah al-Awfiya and Kata’ib al-Imam Ali -- have aided Iran's military, including by planning attacks on U.S. facilities, the State Department said. "Engaging in certain transactions with them entails risk of secondary sanctions pursuant to counterterrorism authorities," it added.
The European Commission on Sept. 16 proposed suspending certain trade concessions made between the EU and Israel and sanctioning members of Hamas, extremist Israeli ministers and violent settlers. The commission also said it's "putting on hold its bilateral support to Israel," except for certain support to civil society and the Yad Vashem Holocaust museum.
The State Department has been approving the vast majority of export license applications involving South Korea, a senior agency official said this week, stressing that the government doesn’t want to be an impediment to defense trade with the close U.S. ally.
Rep. Bill Huizenga, R-Mich., who chairs the House Foreign Affairs Subcommittee on South and Central Asia, announced Sept. 15 that he has introduced a bill to authorize the president to sanction current and former Pakistani officials under the Global Magnitsky Human Rights Accountability Act for allegedly violating human rights and undermining democracy.
House Financial Services Committee Chairman Rep. French Hill, R-Ark., urged Congress Sept. 15 to pass two pending Russia sanctions bills to pressure Moscow to end its war against Ukraine.