Ryan Last

Jan 9, 2025 | jdsupra.com | Ryan Last

On January 2, 2025, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) Export Enforcement published its 2024 Year in Review, spotlighting key accomplishments in protecting U.S. national security. In this report, BIS highlights its expanded enforcement capabilities, impactful actions against illicit procurement networks, and collaborations with industry, academia, and international partners. Key Highlights of the 2024 Year in Review1.

Jan 9, 2025 | jdsupra.com | Ryan Last

On December 18, 2024, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License (GL) 1B (Authorizing Certain Activities Involving Federal State Budgetary Institution Marine Rescue Service) and GL 115 (Authorizing Transactions Involving Gazprombank Related to Civil Nuclear Energy) related to the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).

Dec 18, 2024 | jdsupra.com | Ryan Last

On November 27, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) sanctioned 21 high-ranking Venezuelan officials aligned with Nicolás Maduro. These sanctions, issued under Executive Order 13692 (“Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela”), target individuals responsible for repressing civil society, violently suppressing protests, and undermining Venezuela’s democratic election process.

Dec 18, 2024 | jdsupra.com | Ryan Last

On December 2, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) announced two interim final rules (collectively, the “December 2024 Rules”) (“Foreign-Produced Direct Product Rule Additions, and Refinements to Controls for Advanced Computing and Semiconductor Manufacturing Items” and “Additions and Modifications to the Entity List; Removals from the Validated End-User (VEU) Program” designed to further limit the People’s Republic of China’s (“PRC”) access to U.S....

Dec 13, 2024 | jdsupra.com | Ryan Last

On November 7, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License (“GL”) 5Q ("Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After March 7, 2025”), GL 8O ("Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities”), and...