The OverRuled: Sanctions Module has been updated with the following actions:
- 17 Jan 2025 - Haas Automation, Inc. - USD $1,044,781
Between December 2019 and March 2022, Haas Automation, Inc. indirectly supplied one computer numerical control (CNC) machine, 13 orders of spare parts, and seven authorization codes for CNC machines owned by blocked Russian entities.
The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 16 Jan 2025 (Switzerland):
The Federal Department of Economic Affairs, Education and Research ("EAER") updated its interpretative guidance (the "Guidance") for Swiss sanctions, including on the concept of ownership, the ability of financial institutions to credit funds to blocked accounts, and clarifying that occupational pension foundations are subject to Articles 20 and 21 of the Ordinance on Measures Connected with the Situation in Ukraine (the "Ordinance").
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 15 Jan 2025 (China - Measures and Countermeasures):
The Ministry of Commerce added four U.S. companies to the Unreliable Entity List, in relation to their arms sales to Taiwan.
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