On June 20, 2017, pursuant to four executive orders (EOs), the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) subjected to U.S. economic sanctions more individuals and entities involved in the ongoing Crimean conflict between Russia and Ukraine. These actions
Sanctions
Senate Passes Bill for Additional Sanctions Against Iran and Russia
After several months of negotiations in the Committee on Foreign Relations, the full Senate on June 15, 2017 considered and passed a bipartisan bill by a vote of 98-2 seeking to hold both Iran and Russia accountable for their recent destabilizing activities in world affairs. S. 722 at Title I contains the Iran component of…
Congressional Republicans Urge President Trump Not to Reverse Course on Cuba
Groups of Senate and House Republicans have sent letters to President Donald Trump urging him not to reverse Obama administration policies that began to relax longstanding economic sanctions and open up the country for limited trade. Seven House Republicans wrote Trump stating, “Reversing course would incentivize Cuba to once again become dependent on countries like…
Trump Administration Continues Waiver of Nuclear-Related Sanctions on Iran, Sanctions Iranian Officials for Ballistic Missile Program
The Trump administration has renewed a necessary waiver regarding U.S. sanctions on Iran’s crude oil exports. This will allow Iran to continue to sell its oil in the international market despite existing U.S. sanctions that must be periodically waived under the terms of the 2015 nuclear deal with Iran.
The Treasury Department’s Office of Foreign…