This quarter, the Biden Administration maintained its tough stance on China, revamping Trump-Era restrictions and expanding sanctions to include the PRC’s surveillance technology sector. In contrast, the Administration reversed years of U.S. Congressional policy by waiving key Nordstream 2 sanctions, effectively dropping U.S. opposition to the pipeline’s completion. While the U.S. and Iran continued indirect talks in Vienna to explore reviving the JCPOA, a European court’s interpretation of the EU blocking statute portends further challenges for European operators seeking to align their commercial dealings with U.S. extra-territorial sanctions. Elsewhere, the U.S. continued efforts to cut off vital sources of revenue to Myanmar’s military, sanctioning several state-owned enterprises. Finally, the Department of Justice secured its first settlement pursuant to its new “Export Controls and Sanctions Enforcement Policy.
Most Recent Flipbooks
Sanctions Roundup Third Quarter 2021
The Biden Administration this quarter announced fewer targeted sanctions, but issued several “whole of government” advisories regarding sanctions risks associated with China-related business dealings.
UK Business Crime Review 2021
UK Litigation Review 2020