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Tag: trade sanctions

department of commerce bureau of industry and security
Seal of the United States Bureau of Industry and Security, a part of the Department of Commerce by the U.S. Government, from wikipedia, licensed under public domain
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October 9, 2023March 14, 2024Europe, Geopolitical Issues, North America

BIS Blacklists 49 Companies Supplying US-Sourced Integrated Circuits to Russia

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The Department of Commerce Bureau of Industry and Security said Friday that it has added 49 companies to its Entity List for supplying U.S.-origin integrated circuits to Russian consignees with links to Russia’s defense sector. Listed entities need to secure a licensing requirement for any export, reexport or in-country transfer of all items. China-based companies...

destroyed bridge in russian river
Seneline/Shutterstock
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December 14, 2023March 14, 2024Europe, General News, Investment Security, News

UK Strengthens Sanctions Enforcement Against Russia by Establishing New Office

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The United Kingdom is establishing a government organization dedicated to monitoring and strengthening the enforcement of trade sanctions on Russia. Nusrat Ghani, industry and economic security minister, recently announced the creation of the Office of Trade Sanctions Implementation.  The OTSI will be responsible for ensuring that companies in the U.K. are adhering to trade sanctions,...