The State Department fined Boeing $51 million after the company allegedly violated a range of U.S. export controls, including license requirements for exports to China and Russia. The violations, which Boeing voluntarily disclosed, included illegal exports to foreign employees and contractors working in more than 15 countries; a trade compliance specialist fabricating an export license to illegally ship defense items abroad; and violations of the terms and conditions of other export licenses, among other things.
Eight more World Trade Organization members accepted the fisheries subsidies agreement at the start of the 13th Ministerial Conference this week, the WTO said. Sixty-nine members have so far accepted the deal and 40 more are needed for ratification; the WTO said one more member is expected to accept the deal during MC13. The newest countries to adopt the agreement are Brunei, Chad, Malaysia, Norway, Rwanda, Saudi Arabia, Togo and Turkey. WTO Director-General Ngozi Okonjo-Iweala said negotiations also are ongoing on a second fisheries deal, adding that passing both agreements would "really put WTO members at the forefront of action on sustainability of our oceans and would safeguard the livelihoods of the 260 million people who depend on these oceans."
The EU announced its 13th sanctions package on Russia last week to mark two years since Russia invaded Ukraine, imposing designations against another 194 people and companies while expanding the list of advanced technology items that Russia is seeking for its defense and technology sectors.
The U.S. announced a new set of sweeping Russia-related export controls and sanctions last week to mark the two-year anniversary of Moscow’s invasion of Ukraine and to respond to Russian opposition figure Alexei Navalny's death in prison. The measures include nearly 100 additions to the Commerce Department’s Entity List, more than 500 sanctions designations by the Treasury and State departments and new government guidance, including a new business advisory to warn companies about Russia-related compliance risks.
Canadian exporters are increasingly seeing delays when applying for and receiving export permits, especially for shipments to Turkey, the United Arab Emirates and Saudi Arabia, said John Boscariol, a trade lawyer with McCarthy Tétrault. Boscariol, speaking during a virtual event this week hosted by the American Bar Association, said none of those countries are “prohibited destinations” under Canadian export regulations, but the government has still been taking “extra time” in evaluating permits.
The U.S. announced a new set of sweeping Russia-related export controls and sanctions this week to mark the two-year anniversary of Moscow’s invasion of Ukraine and to respond to Russian opposition figure Alexei Navalny's death in prison. The measures include nearly 100 additions to the Commerce Department’s Entity List and more than 500 sanctions designations by the Treasury and State departments in what the U.S. said is its largest single tranche of designations since Russia began the war in 2022.
Canada, Germany and the Netherlands released a joint advisory this week to give their companies guidance on how they can identify and report suspected Russian sanctions and export control evasion. The advisory, issued by the financial intelligence units of each country, includes a list of red flags, suggestions for customer due diligence and various case examples of Russian companies trying to evade sanctions.
The State Department’s Directorate of Defense Trade Controls released its notifications to Congress of recently proposed export licenses. The notifications cover licenses submitted from January through March, April through June and July through September, and include exports to Japan, Australia, Israel, Brazil, Canada, the U.K., Ukraine, Turkey, Norway, Germany and elsewhere.
The U.K. on Feb. 6 extended by six months its general license authorizing certain humanitarian-related transactions under its Syria sanctions regime. The exemption will now run through Aug. 14 and allows humanitarian organizations, including the U.N., to carry out humanitarian activity in Syria needed to deliver earthquake relief in Syria and Turkey.
The U.S. unsealed an indictment this month charging seven people with helping Iran violate U.S. sanctions through a billion-dollar smuggling network that sold oil to buyers in China, Russia and Syria. DOJ also seized $108 million that the network tried to launder through correspondent accounts at U.S. banks.