The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 22 Feb 2024 (EU):
The European Commission published new FAQs in respect of the "No re-export to Russia" clause pursuant to Article 12g of Council Regulation (EU) No. 833/2014.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 23 Feb 2024 (OFAC):
OFAC and the U.S. Department of State designated over 500 targets to impose additional costs for Russia's repression, human rights abuses, and aggression against Ukraine.
Six companies in the PRC were designated by OFAC, pursuant to EO 14024, for operating or having operated in the technology sector of the Russian Federation economy. The listed entities in the PRC are:
- Jiangxi Liansheng Technology Co., Ltd;
- Guangzhou Ausay Technology Co., Limited;
- Guangzhou Hesen Import and Export Co., Ltd;
- Yilufa Electronics Limited;
- Shenzhen Biguang Trading Co., Ltd; and
- New Idea Guangzhou Technology Co., Ltd.
In addition, the U.S. Department of State designated three PRC-based entities, pursuant to section 1(a)(i) of EO 14024, for involvement in procuring electronic components for entities with ties to the Russian military. The PRC-based companies are:
- Zhejiang Oulong Electric Co., Ltd;
- Wuhan Maiwe Communication Co., Ltd; and
- Corebai Microelectronics Bejing Company Limited.
Please send an email to subscriptions@overruled.com, if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.