South Korea should be invited to join the Group of 7 nations because of its willingness to work with the U.S. and other allies in imposing sanctions and export controls against Russia, the country’s former foreign affairs minister said this week.
U.S. and U.K. officials over the past year continued to build on a partnership between their two leading sanctions agencies, including by sharing information about national security threats and ways the agencies can modernize their approaches to licensing and enforcement, they said in a joint statement released Nov. 19.
The U.S. this week sanctioned six people connected to the terror group Hamas, including by helping it smuggle weapons into Gaza or for coordinating with Russia.
The U.S. government should create a joint interagency task force led by the national security adviser to develop better ways to prevent China from obtaining sensitive dual-use technology from the U.S. and its allies, a bipartisan congressionally mandated commission said Nov. 19.
The EU expanded the scope of its sanctions framework on Russia to cover vessels and ports used to transfer Iranian-made unmanned aerial vehicles, missiles and related components for use in the war in Ukraine, the Council of the EU announced Nov. 18. The move bars the "export, transfer, supply, or sale from the EU to Iran of components used in the development and production of missiles and UAVs," the council said, and a ban on transactions with ports and locks that are owned or controlled by sanctioned parties or used to transfer Iranian UAVs, missiles or component parts to Russia.
The next Trump administration is likely to build on Biden’s outbound investment executive order and semiconductor export controls against China, researchers said last week, and could double down on sanctions against Iran and Venezuela in a return to the “maximum pressure” campaign Trump embraced during his first term.
The EU should impose more sanctions against the owners and operators of vessels in Russia’s shadow fleet along with the banks and insurance companies they’re using, EU Parliament members said in a resolution adopted Nov. 14.
The Biden administration expects the incoming Trump administration to continue to try to limit growing Chinese support of Russia's defense industrial base, a senior administration official said this week.
The incoming Trump administration likely will end the Biden administration’s temporary pause on pending decisions for liquefied natural gas exports, Sen. John Kennedy, R-La., said late Nov. 13.
Companies have not encountered any major hurdles as they seek to comply with the Office of Foreign Assets Control’s new interim final rule extending sanctions-related record-keeping requirements from five years to 10 years, according to two trade lawyers interviewed.