
The European Union has revised its restrictive measures to align with the U.S. Office of Foreign Assets Control (OFAC) 50% Rule, which impacts foreign subsidiaries. This adjustment is part of a broader sanctions package targeting foreign subsidiaries, reflecting the EU's ongoing efforts to tighten sanctions regimes. Additionally, the EU and UK have implemented sanctions affecting the luxury goods sector, further demonstrating the comprehensive nature of these sanctions. Concurrently, the U.S. has proposed significant new export controls aimed at military, intelligence, and security end users, indicating a coordinated international approach to sanctions and export controls.
EU Targets Foreign Subsidiaries in New Sanctions Packages https://t.co/5NEEXHbqYQ
EU Targets Foreign Subsidiaries in New Sanctions Packages https://t.co/27yN2a9CWq | by @jonesday
Significant New U.S. Person and Other Export Controls Proposed Regarding Military, Intelligence, and Security End Users https://t.co/AEzuww3Z4v | by @akin_gump
