EU and US Take Actions to Ease Belarus Sanctions
On October 29, 2015, the EU and the United States took separate action to ease certain Belarus-related sanctions. As of October 31, 2015, the EU suspended asset freezes and travel restrictions imposed...
View Article“Implementation Day” Sanctions Relief Provided to Iran by UN, US, and EU
On January 16, 2016, the International Atomic Energy Agency (IAEA) verified that Iran has met its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA). On this day, known as...
View ArticleOverview of US and EU “Implementation Day” Guidelines on Iran Sanctions Relief
This overview describes the status of US and EU sanctions following the first round of nuclear-related sanctions relief that occurred on “Implementation Day” under the Joint Comprehensive Plan of...
View ArticleEU Customs Developments - January 2016
EU Customs Policy - Union Customs Code Developments - In January 2016, the draft Transitional Delegated Act (TDA) for the Union Customs Code (UCC) was discussed at committee/working party level in the...
View ArticleEU Lifts (and Extends) Sanctions against Belarus and Zimbabwe
The EU has lifted most of the asset freezes under sanctions against Belarus and Zimbabwe, but at the same time extended certain limited measures. We provide further details about these sanctions...
View ArticleUS Further Liberalizes Cuba Sanctions
On March 15, 2016, in advance of the historic visit to Cuba by the President, the United States announced significant amendments to existing Cuba-related economic sanctions and export control...
View ArticleEU Customs Developments - February 2016
EU Customs Policy - Union Customs Code (UCC) Developments - On 1 February 2016, the European Commission met representatives of selected EU-level business organisations in the so-called ‘Trade Contact...
View ArticleUS Significantly Expands Sanctions Targeting North Korea
On March 16, 2016, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) expanded sanctions on North Korea (the DPRK) pursuant to Executive Order 13722 (EO 13722). This...
View ArticleEU Customs Developments - March 2016
EU Customs Policy - Union Customs Code (UCC) Developments - On 15 March 2016, the European Commission published the so-called Union Customs Code (UCC) Transitional Delegated Act, which lays down the...
View ArticleUS Further Liberalizes Burma Sanctions
On May 17, 2016, the US Department of Treasury's Office of Foreign Assets Control (OFAC) further eased the sanctions on Burma by issuing and expanding general licenses and removing certain parties from...
View ArticleEU Customs Developments - April 2016
EU Customs Policy - Union Customs Code (UCC) Developments - On 1 May 2016, the Union Customs Code (UCC) entered into force. The UCC is the new EU framework regulation for the rules and procedures for...
View ArticleUS Issues Additional Guidance Regarding Iran Sanctions Relief
On June 8, 2016, the US further clarified the scope of the sanctions relief provided to Iran as of January 16, 2016 (known as "Implementation Day") under the Joint Comprehensive Plan of Action (JCPOA)....
View ArticleEU Customs Developments - May 2016
EU Customs Policy - Union Customs Code (UCC) Developments - On 11 May 2016, the European Commission published a correction to the Union Customs Code (UCC) Delegated Act. It removes references to...
View ArticleEU Agreement on Trade Rules for Conflict Minerals
The European Union (EU) institutions have reached broad agreement on trade rules for so-called "conflict minerals". While the technical details still need to be established, we summarize the expected...
View ArticleEU Customs Developments - June 2016
EU Customs Policy - Union Customs Code Developments - The minutes of the 13 May 2016 meeting between the European Commission and Member State experts, summarising the discussion on various amendments...
View ArticleEU Customs Developments - July 2016
EU Customs Policy - Union Customs Code Developments - On 19 July 2016, the European Commission published a proposal to amend Article 136 of the Union Customs Code (UCC). This Article UCC exempts goods...
View ArticleUS Designates Additional Russian and Ukrainian Individuals and Entities,...
On September 1, 2016, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) added 37 Russian and Ukrainian individuals and entities to the List of Specially Designated Nationals...
View ArticleUS Further Liberalizes Cuba Sanctions and Export Controls
On October 14, 2016, the United States announced additional measures to liberalize Cuba sanctions and export controls, effective October 17, 2016. The new measures, which are summarized below,...
View ArticleEU Customs Developments - August - October 2016
EU Customs Policy - Council Conclusions on the Union Customs Code - The EU Council has adopted and published Conclusions on follow-up of the Union Customs Code (UCC). These Conclusions recognise the...
View ArticleUS Issues Additional Russian/Ukrainian Designations and New General License,...
On December 20, 2016, the US Department of Treasury's Office of Foreign Assets Control (OFAC) added 15 individuals and entities and two vessels to the List of Specially Designated Nationals and Blocked...
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