The U.S. needs a more measured and analytics-driven approach to sanctions, export controls and other economic statecraft tools, said Daleep Singh, President Joe Biden’s incoming deputy national security adviser for international economics. He warned about the risks of relying too heavily on new, large-scale sanctions against China and called on the U.S. to create a formal doctrine to guide its use of trade restrictions.
Ian Cohen
Ian Cohen, Deputy Managing Editor, is a reporter with Export Compliance Daily and its sister publications International Trade Today and Trade Law Daily, where he covers export controls, sanctions and international trade issues. He previously worked as a local government reporter in South Florida. Ian graduated with a journalism degree from the University of Florida in 2017 and lives in Washington, D.C. He joined the staff of Warren Communications News in 2019.
The U.S. may need new industry advisory committees to help it implement and maintain its semiconductor export controls against China, the Center for Strategic and International Studies said in a recent report.
CBP is hoping to launch a truck electronic export manifest (EEM) portal later this year, the agency said ahead of the Commercial Customs Operations Advisory Committee’s March 6 meeting (see 2402150016 and 2402260034). CBP listed the effort as “currently under development” in a government issue paper for COAC’s Export Modernization Working Group released this week, which said a truck portal in the Automated Commercial Environment has a “tentative scheduled deployment of Fall 2024.”
The European Commission recently issued updated guidance for a requirement that will soon force EU exporters to insert clauses in their contracts that bar reexports of certain sensitive goods to Russia. The document offers guidance on how EU companies should comply with the “no reexport to Russia” clause, how it impacts contracts already in place, how the EU plans to enforce the requirement, what the clause’s wording should include, and more.
The Group of 7 nations and other U.S. allies should explore ways to seize frozen Russian assets and use that money to help Ukraine, Treasury Secretary Janet Yellen said this week.
The Bureau of Industry and Security added a Chinese electronics company and a Canada-headquartered technology software company to the Entity List for trying to illegally acquire U.S. items or for being involved in other activities that are “contrary” to U.S. national security and foreign policy, the agency said Feb. 26. It also removed one United Arab Emirates-based entity from the Entity List.
Most companies applying for funding under the Chips Act (see 2309220035 and 2306280038) aren’t going to get the money they want, Commerce Secretary Gina Raimondo said this week. The agency has gotten more than 600 “statements of interest” from semiconductor companies, she said, and Commerce has had to have “tough conversations” with those businesses about what kind of funding they can realistically expect.
DOJ last week announced a set of new charges, arrests and forfeiture proceedings to mark the second anniversary of Russia’s invasion of Ukraine. The agency announced forfeiture actions involving $2.5 million in luxury properties, arrested two U.S. residents for helping a Russian violate sanctions, charged two sanctioned oligarchs with violating U.S. restrictions and more.
The U.S. announced a new set of sweeping Russia-related export controls and sanctions last week to mark the two-year anniversary of Moscow’s invasion of Ukraine and to respond to Russian opposition figure Alexei Navalny's death in prison. The measures include nearly 100 additions to the Commerce Department’s Entity List, more than 500 sanctions designations by the Treasury and State departments and new government guidance, including a new business advisory to warn companies about Russia-related compliance risks.
The Federal Maritime Commission issued its long-awaited final rule for new demurrage and detention billing requirements, describing the information carriers and marine terminal operators must include in their invoices, clarifying which parties can be billed and under what time frames, outlining the processes for disputing charges, and more.