A New York-based aviation parts supplier will pay $22,172 to the Office of Foreign Assets Control to settle Russia-related sanctions violations it allegedly committed in early 2024. The company, SkyGeek Logistics, made shipments and attempted refunds to two United Arab Emirates companies that had been sanctioned for supplying equipment and technology to Russia, OFAC said.
The Netherlands said it’s seeing an uptick in exports of sanctioned goods to countries with a history of helping Russia evade sanctions, with many of those exports being sent by smaller firms that entered the market within the last couple of years.
The EU this month issued new guidance on its sanctions for importing Russian diamonds, describing the types of diamonds subject to trade restrictions, explaining how the restrictions apply to jewelry that incorporates Russian diamonds, outlining a new mandatory diamond traceability mechanism, and more.
The U.S. on Dec. 27 sanctioned Bidzina Ivanishvili, a Georgian oligarch and former Georgian prime minister. The State Department said Ivanishvili was sanctioned for "undermining the democratic and Euro-Atlantic future of Georgia for the benefit of" Russia, and he has also contributed to human rights abuses in the country.
The Commerce Department’s fall 2024 regulatory agenda for the Bureau of Industry and Security features a host of new rules that could soon update U.S. export controls, including restrictions on aircraft engines, biological equipment and reporting requirements for certain weapons sales, AI chips.
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Members of the European Parliament passed three sanctions-related resolutions last week calling on the bloc and other countries to increase restrictions on human rights violators and countries aiding Russia.
The Bureau of Industry and Security fined a U.S.-based electronics manufacturer and supplier for the semiconductor industry $180,000 after it admitted to exporting 11 shipments to Russia without a license. BIS said the company, Indium Corporation of America, which has factories in Asia and Europe, failed to resolve multiple red flags involving shipments of solder wires, solder ribbon and solder preforms to a Russian defense contractor.
The U.K.'s Office of Financial Sanctions Implementation amended one entry under its Belarus sanctions regime on Dec. 19. OFSI altered the listing for Mikail Gutseriev, a Cypriot-Russian businessman, to establish that he was being sanctioned for "owning or controlling directly or indirectly" Belarussian energy companies JSC NK Neftisa and PJSC RussNeft.
The Bureau of Industry and Security should increase its enforcement of semiconductor export controls to prevent American-made computing chips from ending up in Russian weapons and Chinese artificial intelligence systems, the Democratic majority staff of the Senate Permanent Subcommittee on Investigations said in a new report released this week.