On May 8, 2018, President Trump announced that the United States will be withdrawing from the Joint Comprehensive Plan of Action (“JCPOA”), culminating months of uncertainty around the fate of the Iran nuclear deal. Furthermore, President Trump announced that the United States would re-impose nuclear sanctions against Iran.
On August 24, 2017, President Trump signed an Executive Order imposing additional sanctions on Venezuela. The Order states that these sanctions, which primarily target the Government of Venezuela and the Venezuelan oil industry, are in response to the deepening political and humanitarian crisis in Venezuela.
On March 15, 2016, the U.S. OFAC and the U.S. BIS announced further amendments to the Cuban Assets Control Regulations and the Export Administration Regulations, in a continuing effort to chip away at the decades-old embargo.
On September 21, 2015, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) introduced a second round of amendments (the “September Amendments”) to the Cuban Assets Control Regulations (“CACR”) and the Export Administration Regulations (“EAR”) in a continuing…
The U.S. Treasury Department’s Office of Foreign Assets Control and the U.S. Commerce Department’s Bureau of Industry and Security announced amendments to the Cuban Assets Control Regulations and the Export Administration Regulations in a continuing effort to relax certain aspects of the U.S. embargo against Cuba.
On April 14, 2015, President Obama submitted to the U.S. Congress a report and certification indicating the Administration’s intent to rescind Cuba’s designation as a State Sponsor of Terrorism. The rescission of Cuba’s designation as a State Sponsor of Terrorism will become effective unless Congress enacts a joint resolution prohibiting…
The U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) is issuing a final rule amending the Export Administration Regulations, 15 C.F.R. Part 730 et seq. (“EAR”), to impose a license requirement on the export, reexport, or transfer by any person of virtually all “items subject to the EAR” to or within the Crimea…