Shearman And Sterling

Sanctions Round Up: Second Quarter 2021

July 22, 2021

Sanctions Round Up: Second Quarter 2021

Subscribe

Jump to...

 

SANCTIONS ROUND UP: SECOND QUARTER 2021

This quarter, the Biden Administration maintained its tough stance on China, revamping Trump-Era restrictions and expanding sanctions to include the PRC’s surveillance technology sector. In contrast, the Administration reversed years of U.S. Congressional policy by waiving key Nordstream 2 sanctions, effectively dropping U.S. opposition to the pipeline’s completion. While the U.S. and Iran continued indirect talks in Vienna to explore reviving the JCPOA, a European court’s interpretation of the EU blocking statute portends further challenges for European operators seeking to align their commercial dealings with U.S. extra-territorial sanctions. Elsewhere, the U.S. continued efforts to cut off vital sources of revenue to Myanmar’s military, sanctioning several state-owned enterprises. Finally, the Department of Justice secured its first settlement pursuant to its new “Export Controls and Sanctions Enforcement Policy.”

View full memo, Sanctions Round Up: Second Quarter 2021.

Authors and Contributors

Philip Urofsky

Partner

Litigation

+1 202 508 8060

+1 202 508 8060

Washington DC

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York

Stephen Fishbein

Partner

Litigation

+1 212 848 4424

+1 212 848 4424

New York

Brian G. Burke

Partner

Litigation

+1 212 848 7140

+1 212 848 7140

+86 21 6136 5000

+86 21 6136 5000

New York

Christopher L. LaVigne

Partner

Litigation

+1 212 848 4432

+1 212 848 4432

New York

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Mark D. Lanpher

Partner

Litigation

+1 202 508 8120

+1 202 508 8120

Washington DC

Paula Howell Anderson

Partner

Litigation

+1 212 848 7727

+1 212 848 7727

New York

Adam B. Schwartz

Partner

Litigation

+1 202 508 8009

+1 202 508 8009

Washington DC

Katherine J. Stoller

Partner

Litigation

+1 212 848 5441

+1 212 848 5441

New York

Jacob Fields

Associate

Litigation

+1 512 647 1937

+1 512 647 1937

Austin

Cole Pritchett

Associate

Litigation

+1 202 508 8181

+1 202 508 8181

Washington DC