The House Foreign Affairs Committee on May 16 approved several bills that could impose sanctions on China, Russia and the Houthis and tighten export controls on China.
Iran Export Controls
Certain items on the Commerce Control List require a license from BIS to export them to Iran. The Iranian Transactions Sanctions Regulations (ITSR) (31 CFR Part 560) also prohibit the export and reexport of goods to Iran subject to EAR.
Companies should expect the U.S. to soon expand the statute of limitations for certain export control violations to align with a similar extension for sanctions violations, a law firm said.
The Office of Foreign Assets Control is sanctioning 16 entities, eight people, five vessels and one aircraft for their involvement in the Iranian military’s drone trade, the agency announced April 25.
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A now-defunct Thai trading company will pay $20 million to settle charges that it violated Iran sanctions by selling high density polyethylene resin made in Iran to East Asian customers in U.S. dollars, the Office of Foreign Assets Control said April 19 in an enforcement release.
The U.S. announced on April 18 a new package of export controls and sanctions against Iran and its activities that support Russia’s war effort, in retaliation for Iran’s attack five days earlier on Israel.
The U.S. announced new export controls and sanctions against Iran, as well as new export controls against Russia intended to address Iran’s support for Russia’s drone program, in response to Iran’s attack on Israel on April 13.
Leaders of the Group of Seven (G7) nations have discussed the possibility of imposing additional sanctions on Iran in response to that country’s drone and missile attack on Israel last week, White House National Security Communications Adviser John Kirby said April 15.
The Bureau of Industry and Security added 11 parties to its Entity List this week for procuring items to support Iranian drone programs, China’s military modernization efforts or Russia’s military. The additions, outlined in a final rule released April 10 and effective April 11, include technology companies, logistics firms and one person based in either China, Russia or the United Arab Emirates.
Four Republican House members led by Rep. Nathaniel Moran of Texas have asked the Commerce and State departments to describe the measures they are considering to counteract what appears to be increasing collaboration between China and Iran on military drone development and distribution.