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Since the publication of our February 26, 2022, client alert, the United States, United Kingdom and the European Union, among other allied nations, have imposed additional sanctions and...
Beijing [China], June 13 (ANI): The US Innovation and Competition Act that has earmarked USD 54.2 billion towards shoring up America's competence on a number of technological fronts, has left out China's Huawei Technologies on a list of restricted entities, banning it from gaining access to US hardware and software.
OFAC Sanctions Three Cuban Entities for Ties to Cuban Military On December 21, 2020, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three entities it has identified are controlled by the Cuban military and that have “strategic roles in the Cuban economy.” OFAC has placed the following three entities on the Specially Designated Nationals (SDN) List: (1) Grupo de Administración Empresarial S.A. (GAESA); and, two of its subsidiaries, (2) Financiera Cimex S.A. (FINCIMEX) and (3) Kave Coffee, S.A. According to OFAC, GAESA is a Cuban military-controlled u...