After 18 months of Western sanctions imposed on Russia in response to the country’s aggression against Ukraine, the effect on the Russian economy appears to be fading, particularly on the federal budget’s oil income. This is due to Russia’s ability to find ways around the sanctions, keeping the oil trade flowing smoothly. In this article,…
Sanctions imposed on Russia by the BIS The February 24 sanctions imposed on Russia by the BIS have put in place a vastly expanded definition of the foreign-direct product rule, which will pose significant compliance challenges. In the following transcript George Thompson details which products are affected by the new rule and how it will…
The Unverified List The Commerce Department’s listing of foreign companies subject to restrictions on all items included in the Export Administration Regulations, has received increased attention as a result of the recent addition of 33 Chinese industrial and technology companies to the list. The following transcript from George Thompson‘s video, explains what the Unverified List…
Here Is One List You Don’t Want To Be A Part Of Getting recognition for your accomplishments and outstanding achievements can be humbling and an honor when recognized by others in the community. When it comes to Trade Compliance, there are definitely some lists that you want to stay away from. The Violation Tracker list…
If you can’t move production to avoid tariffs like the companies in the story below, make sure to get the training you need. Make sure you are properly classifying products and applying the correct tariff rates. Don’t take a risk, get training here.[/vc_message][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] At 25 years old, the North American Free Trade Agreement (NAFTA) is…
The Department of Homeland Security (DHS) published a press release announcing a new multi-agency task force, The Global Trade Task Force (GTTF), which is designed to protect national security and combat counterfeit goods. The multi-agency task force was launched recently in Detroit. DHS believes the task force could serve as a national model for related investigations. DHS developed…
If you can’t move production to avoid tariffs like the companies in the story below. Make sure to you are properly classifying products and applying the correct tariff rates. Don’t take a risk, get training here.[/vc_message][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In response to the U.S. – China trade deal meeting delay, American business leaders continue expressing concerns, stating that the…
CHINESE TELECOM GIANT Huawei could face millions in fines if convicted of all charges in two indictments unsealed by the US Department of Justice Monday. But the money is likely the least of Huawei’s worries. The first indictment accuses Huawei and its executives, including CFO Meng Wanzhou, of crimes including bank fraud, wire fraud, money…
The Huawei sanctions fraud case rattled markets, stunned the tech world and put U.S. agencies on the spot. All three will be monitoring the next several weeks to see what’s next. Huawei is one of China’s largest companies and is the second largest producer of mobile phones in the world. On Dec. 1, police in Vancouver arrested Huawei CFO…
