New allegations of Russian war crimes in Ukraine are expected to trigger another set of U.S. and EU sanctions, with some top European officials calling for energy embargoes and harsher financial restrictions. Although the European Commission was already expected to consider expanding some of its existing sanctions this week, the bloc may take more significant steps after images surfaced over the weekend of potential war crimes committed by Russia's military, including in Bucha, Ukraine.
The U.K.'s Office of Financial Sanctions Implementation released a General License permitting until May 15 the winding down of positions involving sanctioned Russian bank Sovcomflot and its subsidiaries.
The Senate confirmed Alan Estevez to be the next undersecretary of the Bureau of Industry and Security March 31, marking the end of a monthslong nomination process and giving BIS its first confirmed leader in more than five years (see 2104070026 and 2107130004). Estevez will take over BIS at a critical time for the agency, which in recent weeks has been tasked with crafting and implementing hundreds of pages of new export control regulations to penalize Russia for its war in Ukraine.
Apple is considering incorporating chips made by Yangtze Memory Technologies Co., Bloomberg reported March 30, a Chinese state-owned company that some lawmakers say should be placed on the Commerce Department’s Entity list. Apple is exploring placing YMTC memory chips into its iPhones after one of its key suppliers in Japan, Kioxia Holdings Corp., “lost a batch of output to contamination” in February, the report said. Apple is “keen to diversify its network and offset the risk of further disruption from the pandemic and shipping snarls,” the report said, and is now testing sample NAND flash memory chips made by YMTC.
A new bill introduced in the House would require the administration to study how digital currencies could help Russia evade U.S. sanctions. The legislation, introduced March 31 by Reps. Gregory Meeks, D-N.Y., and Michael McCaul, R-Texas, the chairman of and ranking member of the House Foreign Affairs Committee, also would create a new State Department officer to oversee sanctions evasion efforts involving digital currency.
The administration should continue to levy new sanctions against Chinese officials responsible for human rights abuses, including a permanent ban on exports of crowd-control equipment to Hong Kong police, the bipartisan Congressional-Executive Commission on China said in a report last week.
A group of non-EU European countries aligned with the EU's March 10 sanctions decision to add 14 Russian businesspeople and 146 members of the Russian Federation Council to the sanctions regime over Russia's invasion of Ukraine (see 2203100021). Aligning were North Macedonia, Montenegro, Albania, Bosnia and Herzegovina, Iceland, Liechtenstein, Norway and Ukraine.
The Office of Foreign Assets Control sanctioned five entities that provide support to North Korea's weapons of mass destruction and ballistic missile programs following a series of ballistic missile launches over the past several months. OFAC said the actions target a North Korean WMD research and development organization along with four of its revenue-generating subsidiaries.
The Office of Foreign Assets Control on April 1 fined S&P Global, a business analytics firm, $78,750 for violating U.S. Ukraine-related sanctions regulations. OFAC said the case was non-egreious, partly due to S&P's cooperation and agreement to improve its compliance program.
The Office of the U.S. Trade Representative released its 2022 National Trade Estimate Report on Foreign Trade Barriers, detailing the most significant foreign market access issues facing U.S. exporters. The report examines a range of import policies, tariffs, customs procedures and phytosanitary measures that are restricting U.S. goods, including China’s new “opaque and burdensome” facility registration requirements.