The Council of the European Union on Jan. 27 extended its sanctions on Russia for an additional six months, pushing them to July 31. The measures include various sectoral restrictions, including those on "trade, finance, energy, technology and dual-use goods, industry, transport and luxury goods," and also include a ban on the import of oil and petroleum products from Russia.
The U.K. and Canada announced coordinated sanctions this week against people and entities tied to human rights violations committed by the Alexander Lukashenko regime in Belarus as well as the regime’s support of Russia. The U.K. is targeting several senior Belarusian officials and entities working in the country’s defense sector. The Canadian sanctions target three Belarusian state organizations, nine entities that produced or supplied military equipment for Russia, and several senior executives working for those entities.
The Trump administration should look to negotiate new types of economic and trade deals that are centered on economic security issues, such as export controls and investment screening measures, the Center for a New American Security said in a new report this week. The think tank also called on President Donald Trump to create an economic security strategy, which should outline avenues to strengthen export control enforcement.
The U.S. will impose more sanctions against Russia if Russian President Vladimir Putin doesn't move quickly to negotiate a deal that will end its war against Ukraine, President Donald Trump posted Jan. 22 on Truth Social.
House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., announced Jan. 17 that he has reintroduced two sanctions bills aimed at Russian activities in Ukraine.
California-based machine tool manufacturer Haas Automation will pay more than $2.5 million to the U.S. government after being accused of illegally shipping parts and other items to sanctioned and Entity Listed companies in China and Russia.
The U.K. amended the sanctions listing of Russian energy company Gazprom Neft under the Russia sanctions regime. The Office of Financial Sanctions Implementation updated the business registration number of the company.
The Office of Foreign Assets Control fined a Miami-based real estate firm and its owner more than $1 million after the agency said they helped two sanctioned Russian oligarchs transfer their luxury condominiums to their non-sanctioned family members. The firm, Family International Realty LLC, “engaged in a willful scheme” to evade U.S. sanctions against Russia, OFAC said, and earned about $180,000 in commission fees for helping to manage the properties.
Scott Bessent, President-elect Donald Trump’s choice for Treasury secretary, said Jan. 16 that the U.S. should institute a “very rigorous screening process” to ensure its outbound investment does not help China catch up to the U.S. in such key technology areas as artificial intelligence, computing chips, quantum computing and surveillance.
Sen. Marco Rubio, R-Fla., said Jan. 15 that he hopes to elevate the State Department’s role in foreign policy-making if the Senate approves his nomination to lead the agency.