Export Controls and Sanctions Update for December 2017/January 2018

    View Authors February 2018

    This publication from our International Trade Practice looks at the shifting regulatory framework for international trade and compliance on both sides of the Atlantic.

    In this issue, we cover:

    EU

    • Portion of EU Sanctions on Russia Extended Through July 2018
    • EU Amends Restrictive Measures on the Democratic People’s Republic of Korea
    • EU Adds Seven Venezuelan Officials to Restrictive Measures List
    • EU Amends Its ISIL and Al-Qaida List Following UN Decision
    • EU Extends Its Sanctions on the Democratic Republic of Congo
    • EU Extends Freezing Sanctions in Connection to Situation in Tunisia
    • EU Parliament Adopts Amendments on Dual-Use Items Regulation Proposal
    • EU Reaches Agreement on Money Laundering and Terrorist Financing Directive
    • EU Declassifies Negotiating Directives for EU-Chile Modernised Association Agreement
    • Four Non-EU Countries Align With EU Sanctions Against Russia

    UK

    • UK Revokes Certain Open General Export Licences
    • UK Amends the Consolidated List of Strategic Military and Dual-Use Items
    • UK Issues Guidance on Form to Release Information on Classified Goods and Services to Foreign Nations
    • UK Implements EU’s Venezuela Sanctions Regime
    • Brexit: Developments in Parliament on UK Trade and Sanctions Bills

    US

    • US Commerce Department Implements Inflationary Adjustments to Civil Monetary Penalties
    • Trump Administration Announces Extension of Waivers of Iran Sanctions
    • BIS Adds Two Entities to the Entity List
    • OFAC Publishes Amended Iraq Stabilization and Insurgency Sanctions Regulations
    • President Trump Issues Global Magnitsky Executive Order
    • OFAC Announces New Regulations Implementing the Sergei Magnitsky Act
    • OFAC Announces New Venezuela-Related Designations
    • OFAC Announces New Iran-Related Designations
    • OFAC Announces New North Korea-Related Designations
    • OFAC Releases CAATSA Reports to Congressional Committees

    Enforcement Action

    • OFAC Announces Settlement with DENTSPLY SIRONA INC.

    Upcoming Events

    We encourage you to visit our blog The Trade Practitioner, where you will find further updates on export controls, sanctions and other international trade topics. In addition, organizations engaged in the trade of items specially designed for military or space applications are encouraged to download our complimentary ITAR Practitioner’s Handbook covering the International Traffic in Arms Regulations (ITAR) and the US Department of Commerce "600 Series."