The U.S. will continue sanctioning Venezuela's mining sector and will increase efforts to target countries and foreign groups that support the Nicolas Maduro regime, a top Treasury Department official said.
The United Kingdom's Office of Financial Sanctions Implementation released a guidance on Russian sanctions after the U.K. leaves the European Union, expanding on details of the U.K.’s financial and investment sanctions. The guidance provides information on where trade and financial sanctions may overlap, as well as information on Russian asset freezes, blocked payments, loan and credit arrangements and sanctions exceptions. The guidance also provides a set of frequently asked questions.
The Congressional Research Service released a report Oct. 18 on with updates on U.S. sanctions on Turkey, Turkey’s military purchases from Russia, the potential for new sanctions and other possible U.S. options as Turkey’s military occupies northern Syria. The report details possible outcomes as Congress tries to impose its own set of sanctions on Turkey after the administration said it would lift sanctions in exchange for a ceasefire in Syria (see 1910180060).
Rep. Gus Bilirakis, R-Fla., joined four House members in asking Treasury Secretary Steven Mnuchin to look into possible Global Magnitsky sanctions against Kuwait. The Sept. 27 letter, posted by Crowell & Moring, asks Mnuchin to investigate Kuwait after the conviction and imprisonment of Maria Lazareva, a Russian businesswoman who was accused of embezzlement. Lazareva’s conviction was nullified by a Kuwait court after she served a year in prison.
Two stalwart Republican supporters of the president joined with three Democratic senators to say that Congress is united in a push to levy sanctions on Turkey for its invasion of Syria.
Sens. Lindsey Graham, R-S.C., and Chris Van Hollen, D-Md., agreed to support legislation that would impose sanctions on Turkey unless the Trump administration certifies every 90 days that Turkey is not operating in Syria, according to a framework of the sanctions released Oct. 9. The legislation would sanction all U.S. assets belonging to Turkey’s top officials, including its president, vice president and ministers of defense, foreign affairs, treasury, trade and energy. It would also block U.S. defense exports to Turkey's military and impose sanctions on any foreign person or entity that sells to Turkey’s military or energy sector.
Export Compliance Daily is providing readers with some of the top stories for Sept. 30 - Oct. 4 in case they were missed.
The Department of Commerce revoked export privileges for Barbara Jo Luque, who was convicted of violating the Arms Export Control Act in 2018 after illegally attempting to export items controlled on the U.S. Munitions List to Mexico, Commerce said in a Sept. 30 notice. The items included 5,000 rounds of “FMJ Russian 7.62x39 mm ammunition” and 125 Ak-47 KCI 30-round magazines, the notice said. Luque was sentenced to six months in prison, two years of supervised release and a $100 fine, the notice said. Commerce revoked Luque’s export privileges for seven years dating from her April 25, 2018, conviction.
The Treasury’s Office of Foreign Assets Control sanctioned Russian people, entities and other actors for trying to influence the 2018 U.S. midterm elections, Treasury said in a Sept. 30 press release. The sanctions also increase pressure on Yevgeniy Prigozhin, a previously designated Russian businessman, by sanctioning three of his planes, a yacht and employees of the Internet Research Agency (IRA), which Prigozhin funds, Treasury said.
The Treasury’s Office of Foreign Assets Control sanctioned one entity, three people and five ships for evading U.S. sanctions and delivering jet fuel to Russian forces in Syria, Treasury said Sept. 26.