Export Compliance Daily is providing readers with some of the top stories for Oct. 28 - Nov. 1 in case they were missed.
The Treasury’s Office of Foreign Assets Control amended and issued Venezuela-related general licenses and revoked two Turkey general licenses, according to a Nov. 5 notice. OFAC also published new and amended frequently asked questions to explain the Venezuela-related licenses.
A Turkey sanctions bill passed 403-16 on Oct. 29 in the House of Representatives, despite Turkey's decision to stop shelling a part of Syria near its border. The bill requires the government to impose financial sanctions on Halkbank, a Turkish-owned bank involved in Iranian sanctions evasions, which also employed a client of the president's personal lawyer, Rudy Giuliani.
Export Compliance Daily is providing readers with some of the top stories for Oct. 21-25 in case they were missed.
The Trump administration removed sanctions against Turkey it had imposed just one week earlier, drawing criticism and warnings from some Congress members of future sanctions if Turkey does not end military operations in Syria.
The Congressional Research Service released a report Oct. 18 on with updates on U.S. sanctions on Turkey, Turkey’s military purchases from Russia, the potential for new sanctions and other possible U.S. options as Turkey’s military occupies northern Syria. The report details possible outcomes as Congress tries to impose its own set of sanctions on Turkey after the administration said it would lift sanctions in exchange for a ceasefire in Syria (see 1910180060).
Export Compliance Daily is providing readers with some of the top stories for Oct. 15-18 in case they were missed.
The House plans to pass a “strong, bipartisan” sanctions package this week in response to the Trump administration's decision to lift sanctions on Turkey in exchange for a ceasefire in Syria, House Speaker Nancy Pelosi said. Pelosi’s comments came after the Trump administration announced last week it would be suspending further sanctions on Turkey and plans to lift recently announced sanctions in exchange for the ceasefire.
A top U.S. Department of Agriculture official lauded China’s recent purchases of U.S. agricultural products, saying the “phase one” agreement announced last week is a “positive.”
Two stalwart Republican supporters of the president joined with three Democratic senators to say that Congress is united in a push to levy sanctions on Turkey for its invasion of Syria.