The U.K. government has announced a new round of sanctions that target entities supporting Vladimir Putin’s invasion of Ukraine. In a statement, Foreign Secretary James Cleverly said the latest action designates individuals and businesses from Turkey, Dubai, Slovakia and Switzerland that supply the resources fueling the Russian military’s operations in Ukraine. The sanctions package targets...
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Category: General News
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August 4, 2023March 11, 2024General News, Press Releases
Two Chinese Companies Get US Ban Over Forced Labor Concerns
The Department of Homeland Security has added Camel Group and Chenguang Biotech Group to its list of entities barred from doing business in the United States over concerns that the two China-based companies use forced labor. The interagency Forced Labor Enforcement Task Force, headed by the DHS, flagged the companies for practices that target members...
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August 4, 2023March 14, 2024General News
Senate NDAA Amendments Call for Increased Scrutiny of Foreign Investment
The Senate has included two amendments to its version of the 2024 National Defense Authorization Act. The first amendment is the addition of the Outbound Investment Security Act, which would require U.S. companies to report to the Department of the Treasury certain high-tech investments in “countries of concern.” Senators also included the Promoting Agriculture Safeguards...