The Biden administration this week will announce a new set of export controls and sanctions aimed at impeding Russia’s ability to continue fighting Ukraine, National Security Council spokesperson John Kirby said June 11.
Exports to China
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Although the U.S. and the EU have been collaborating more closely on technology export controls and supply chain due diligence laws, there are still “massive questions” about whether those controls will extend to more mature-node semiconductors and how new EU supply chain laws are going to affect companies doing business in Europe, said U.S.-EU trade and security consultant Frances Burwell.
The Group of 7 nations are working on a deal that would allow all members to use seized Russian assets to support Ukraine’s war effort against Russia, said Daleep Singh, a National Security Council official. He said the countries haven’t agreed to terms yet, but the U.S. hopes to make progress when the G7 nations meet in Italy next week.
Lawmakers are proposing dozens of export control-, sanctions- and foreign investment-related amendments to the House version of the FY 2025 National Defense Authorization Act (NDAA), including measures aimed at China, Iran and Russia.
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Chinese and Japanese officials this week held the second meeting of the China-Japan Export Control Dialogue Mechanism, where they discussed “issues of concern in the field of export control,” according to unofficial translations from China’s Commerce Ministry and Japan's Ministry of Economy, Trade and Industry. Officials at the Shanghai meeting also held a question-and-answer session with Japanese and Chinese companies. The two nations “agreed to continue to maintain close communication, deepen the understanding of each other's export control systems, improve the transparency of export control measures, and ensure that normal trade is not hindered,” China said.
The U.S. government should combine its various export control and sanctions lists into two distinct lists, which could allow the government to better implement trade restrictions and improve industry compliance, a congressional commission heard this week. The commission also discussed whether U.S. export control agencies should have to release more information about their licensing decisions, with one witness saying more transparency would increase business certainty, while another said it would discourage candor between the government and exporters.
The U.S. government should re-examine its export controls for aviation and shipbuilding to slow China’s advances in those dual-use sectors, a congressionally mandated commission heard May 23. The government also should consider more restrictions on Huawei and improve its efforts to get allies on board with U.S. export controls, the panel was told.
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