Tag Archives: Cyril T. Brennan

United States Terminates Sanctions Against Sudan

The Trump Administration has announced its decision to revoke the comprehensive economic sanctions against Sudan. The termination was effective as of Oct. 12, 2017. In January 2017, President Obama suspended the Sudan sanctions regime for a period of six months, pending a final review of U.S. policy toward Sudan. In July 2017, the Trump Administration … Continue Reading

U.S. Imposes Additional Sanctions on North Korea

Amid escalating U.S.-North Korea tensions, over the past month, the United States imposed several new rounds of sanctions against North Korea. The new sanctions measures are designed to reduce the flow of economic resources from non-U.S. sources to North Korea. Continue Reading.… Continue Reading

President Trump Blocks $1.3 billion Sale of Lattice Semiconductor to China-backed Buyer

Citing national security concerns, President Donald Trump signed an Executive Order on Sept. 13, 2017, blocking the proposed $1.3 billion acquisition of Portland, Oregon-based Lattice Semiconductor by Canyon Bridge Investments, a Chinese-owned investment fund based in California.  The move comes as foreign investment transactions, particularly those with a China nexus, are subject to increasingly intense … Continue Reading

U.S. Imposes Additional Sanctions Against Venezuela

President Trump has signed an Executive Order limiting the Venezuelan government’s access to the U.S. financial system.  The new sanctions are the latest in a quick succession of U.S. sanctions measures issued in response to the deteriorating political situation in Venezuela.  Notably, while previous U.S. sanctions directives targeted specific Venezuelan individuals and entities only, the … Continue Reading

President Signs New Russia, Iran, and North Korea Sanctions Measures into Law

On August 2, 2017, President Trump signed the Countering America’s Adversaries Through Sanctions Act (HR 3364) into law. The bill had received near-unanimous support in Congress. The new law combines three separate sanctions measures: the Countering Iran’s Destabilizing Activities Act (CIDAA), the Countering Russian Influence in Europe and Eurasia Act (CRIEEA), and the Korean Interdiction … Continue Reading

U.S. Sanctions Venezuelan President, Additional Sanctions May Follow

On July 31, 2017, the Department of Treasury, Office of Foreign Assets Control (OFAC) announced further sanctions against Venezuela, specifically targeting Venezuelan President Nicolas Maduro Moros. The sanctions against President Maduro are the second set of sanctions that the United States has imposed against Venezuela in the past week, as 13 Venezuelan individuals, including members … Continue Reading

U.S. Sanctions Venezuelan Individuals, Including PDVSA Officials

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently sanctioned 13 Venezuelan individuals alleged to be involved in human rights abuses and corruption. According to the Trump Administration, the new sanctions were imposed in part to pressure the Venezuelan government not to proceed with a proposed rewrite of the Venezuelan … Continue Reading

Congress Overwhelmingly Approves New Russia, Iran, and North Korea Sanctions Measures

On July 27, 2017, the Senate overwhelmingly passed (98-2) the Countering America’s Adversaries Through Sanctions Act (HR 3364), previously passed in the House of Representatives (419-3) on July 25, 2017. This bill combines three separate sanctions measures: the Countering Iran’s Destabilizing Activities Act (CIDAA), the Countering Russian Influence in Europe and Eurasia Act (CRIEEA), and … Continue Reading

Trump Announces Cuba Policy Targeting Commercial Dealings With Cuban Military

After much anticipation, on June 16, 2017, President Trump announced changes to U.S. policy under the existing embargo against Cuba, which reinstate some pre-Obama restrictions. The changes are relatively minor and are not expected to significantly impact most of the Obama administration’s relaxation in Cuba policy. It remains to be seen exactly how the policy … Continue Reading

While Cuban Embargo Remains, Latest Round of Historic U.S. Changes Foster Increased Trade

While the nearly comprehensive U.S. embargo on trade with Cuba remains and will require an act of Congress to be eliminated, the U.S. government has issued another round of measures further easing the U.S. sanctions and export control restrictions against Cuba.  Effective Oct. 17, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets … Continue Reading
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