China imposed sanctions on U.S. House Speaker Nancy Pelosi, D-Calif., for her visit to Taiwan last week, China’s foreign affairs ministry said Aug. 5. China said Pelosi’s visit “constitutes a gross interference in China’s internal affairs,” but didn’t specify what the sanctions entail. The measures also apply to Pelosi’s immediate family members, China said.
The Office of Foreign Assets Control this week published three previously issued general licenses in the Federal Register related to Syria, Iran and Venezuela (see 2206100030). The licenses, which expire June 17, 2023, authorize certain transactions related to goods and services for preventing, diagnosing or combating COVID-19.
The EU last week sanctioned two additional people associated with Russia’s war in Ukraine. The designations target Viktor Fedorovych Yanukovych, a Russia supporter and former president of Ukraine, and Oleksandr Viktorovych Yanukovych, his son.
President Joe Biden last week extended a national emergency that authorizes certain export control regulations, the White House said. Biden renewed the emergency for one year beyond Aug. 17.
Vietnam sanctioned M.C.V. Solution for importing goods infringing on protected trademark rights, the state-run CustomsNews reported Aug. 4. The Ho Chi Minh City Customs Department fined the company just over $21,000 for importing circuit boards infringing on Samsung trademark rights. The counterfeit Samsung goods were imported through express delivery shipments. The circuit boards were worth around $14,000.
Switzerland banned buying, importing or transporting gold and gold products from Russia, it announced in an Aug. 3 sanctions move. The Swiss Federal Council also imposed an asset freeze on Sberbank and carved out two new exceptions from the sanctions regime over agricultural products and oil supplies to third countries. Previously, Switzerland added 54 individuals and nine entities to its Russia sanctions list on July 28. With this week's decision, Switzerland said it's now in line with the EU's sanctions regime.
Rep. Michael McCaul, R-Texas, urged the Biden administration this week to back away from nuclear deal negotiations with Iran (see 2207120033), saying the U.S. won’t get a “remotely adequate nuclear deal” out of the process. “For months, Iran has deliberately wasted time by keeping the door open for talks while its nuclear program charges forward,” McCaul said in an Aug. 4 statement. “The administration needs to wake up to this farce and pull the plug.”
Although the U.S. and its allies should form a new multilateral export control regime that could be used to penalize Beijing if it invades Taiwan (see 2206100021), it remains unclear how many allies would be willing to go along with new China sanctions, panelists told a congressional commission this week. Some countries in Europe and Asia may have an interest in joining together to deter Beijing, the experts said, but imposing severe multilateral export controls against China would be more challenging than imposing similar measures against Moscow.
Guillermo Christensen, former office managing partner at Ice Miller, has joined K&L Gates as a partner in the antitrust, competition and trade regulation practice, the firm announced. Christensen's practice centers on advising clients on matters involving economic sanctions, the Office of Foreign Assets Control, the Committee on Foreign Investment in the U.S. and export controls. In the past, Christensen has also represented clients in Foreign Corrupt Practices Act cases, OFAC investigations and voluntary disclosures. Before becoming a lawyer, Christensen worked for the CIA for 15 years in various assignments, including in interagency roles with the Defense and State departments.
The EU dropped an entry from its North Korea sanctions regime, in a July 28 decision from the European Council. Pak Chun Il, the former North Korean ambassador to Egypt, was de-listed from the sanctions list following his death, the EuropeanSanctions blog reported. He was originally listed in November 2016. The council also updated the statement of reasons for 17 individuals and one entity in the decision, and added new identifying information for 59 individuals and five entities.