EU-US: Export Controls and Sanctions Update

    View Authors June 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

    • EU Extends Its Sanctions to New Persons and Entities in Certain Third Countries
    • EU Asks the Trump Administration to Waive the Application of US Secondary Sanctions Against Iran for EU Business
    • EU Removes Restrictions on the Central Bank of Iraq
    • Germany Establishes the Iran Contact Point
    • EU Discusses UK Sanctions Policy After Brexit
    • EU Extends Sanctions Related to Crimea and Sevastopol

    UK

    • ECJU Reintroduces Control List Classification Advisory Service
    • UK Updates Argentina Export Control Policy
    • UK Strengthens Merger and Takeover Rules

    US

    • OFAC Revokes Iran General Licenses Following US Withdrawal From JCPOA
    • OFAC Issues Ukraine-/Russia-related General License 16
    • OFAC Removes Sudanese Sanctions Regulations

    Enforcement Actions

    • BIS Reaches Superseding Agreement With ZTE
    • OFAC Reaches Settlement With Ericsson

    Upcoming Events

    • US Export Controls Workshop – “The ITAR ‘Virus’ Continues to EARvolve!” – Stratford-Upon-Avon, UK, 23-25 July 2018

    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, organisations 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”.

    Please contact a member of our Export Controls and Sanctions team with any questions, or email InternationalTradeCompliance@squirepb.com for assistance.