Sanctions Top-5 for the week ending 12 February 2021

Here are five things that happened this week in the world of economic sanctions that I think you should know about.

Sign up here if you would like to receive these summaries by email. Click here for an index of past Sanctions Top-5 briefings.

(This week’s briefing covers the weeks ending 12 February and 5 February 2021.)

  1. The first new sanctions program of the Biden era is here, and it’s Myanmar. The White House issued Executive Order 14014 authorizing sanctions on a wide range of targets in response to the military coup on 1 February 2021. The US Office of Foreign Assets Control (OFAC) named ten individuals and three entities as Specially Designated Nationals (SDNs) under the order, while the Bureau of Industry and Security (BIS) announced new licensing requirements for some exports to Myanmar. (For more information, read my team’s blog post here.)
  2. The US State Department announced the revocation of the designation of Ansar Allah (a.k.a. the Houthi movement) as a Specially Designated Global Terrorist (SDGT) under Executive Order 13224, in light of humanitarian concerns in Yemen. As previously reported, the outgoing Trump administration designated the group and three of its leaders as SDGTs in January 2021. The leaders are still sanctioned.
  3. OFAC issued General License №30A to authorize US persons to pay fees to Venezuela’s major port operator, Instituto Nacional de los Espacios Acuaticos (INEA). OFAC named INEA as an SDN on 19 January 2021, triggering concerns about humanitarian and other imports into the country. In related news, the US Government Accountability Office (GAO) issued a report on the humanitarian impacts of US sanctions on Venezuela since 2015.
  4. The Biden administration filed motions (here and here) asking two US federal courts to pause litigation over Trump-era rules to restrict certain transactions related to WeChat and TikTok. According to the filings, “the Department of Commerce has begun a review of certain recently issued agency actions” and “plans to conduct an evaluation of the underlying record justifying those prohibitions.” Meanwhile, efforts to force ByteDance Inc. to sell its TikTok app to Oracle and Walmart have been put on hold, according to reports.
  5. More EU sanctions on Russia coming? EU Minister for Foreign Affairs Josep Borrell said in a speech he would “put forward concrete proposals in response to the jailing of opposition figure Alexei Navalny. Meanwhile, Russian Foreign Minister Sergei Lavrov suggested in an interview that new sanctions could lead to a break in EU-Russia diplomatic relations. (Borrell’s comments follow a widely panned visit to Moscow earlier this month.)

Comments

Plus ça change, non? Support for new Myanmar-related sanctions was already pretty high as a result of Rohingya crisis. With the military back in control, OFAC’s designations last week are unlikely to be the last. For some thoughts on how things could develop, check out this op-ed in The Hill by George Lopez and David Cortright with ideas on how the US government could build international support for sanctions and other measures targeting Myanmar’s military. “[T]he greater the international collaboration, the stronger the potential impact,” they write.

Three out of five items this week were about the Biden administration undoing things that happened over the past year. Not Iran though. Joe Biden said in a televised interview that Iran must stop enriching uranium before receiving any US sanctions relief. (Earlier, Iran’s Ali Khamenei reportedly said the United States must lift sanctions before Iran will honor its obligations under the Joint Comprehensive Plan of Action (JCPOA)).

Join Jessica Bartlett, Molly Mulready, Che Sidanius, and me for a panel on Global Human Rights Sanctions on Day 2 of the upcoming global Sanctions Space Summit hosted by the Association of Certified Anti-Money Laundering Specialists (ACAMS), 2 to 3 March. Peter Harrell, recently appointed White House National Economic Council and National Security Council Senior Director for International Economic and Competitiveness, will kick off the event with remarks on the administration’s priorities. Registration is here.

Best wishes to everyone for a happy, healthy, and prosperous Year of the Ox!

Did I miss something? Send me a message or comment on LinkedIn.

(The views expressed are my own and do not constitute legal advice. Photo from Vladislav Reshetnyak.)

US attorney in Hong Kong specializing in economic sanctions, financial crimes. Sign up for emails: http://eepurl.com/cVhTXf LinkedIn at: http://goo.gl/KX1jER

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

DUI Lawyer Salt Lake City

Donald Trump has drawn Democrats into politicization of the American flag and it is leading to some…

Thoughts on Fear and Guilt in 2020

The Golden Gate Bridge shrouded by fog.

Chairing the DNC: A multimillion-dollar election

The Many Mean Mad Faces of the Modern Democratic Party

January 2, 2020. The Capitol Riots.

Lawmakers seek to curb foreign influence by closing online political ad loopholes

Where have all the rebels gone? Activists, Disruptors, and Technology

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nicholas Turner

Nicholas Turner

US attorney in Hong Kong specializing in economic sanctions, financial crimes. Sign up for emails: http://eepurl.com/cVhTXf LinkedIn at: http://goo.gl/KX1jER

More from Medium

Are you there, God? It’s me, Margaret: Deep Dive

Keep the Light On: Reflections on My Advocacy Journey

Toward a Steady State and Normalcy in This Pandemic