EU “Best Efforts” Obligations Under Russia Sanctions Regulations
On 22 November 2024, the European Union issued an FAQ providing detailed guidance on the “best efforts” obligations for EU entities. These obligations require EU entities to ensure that activities undertaken by their non-EU subsidiaries do not undermine EU sanctions on Russia.
DHS Updates the Uyghur Forced Labor Prevention Act (“UFLPA”) Entity List to Add Metals and Food Producers
The DHS has added 29 entities to the UFLPA Entity List for forced labor links in China’s Xinjiang region, including key players in the metals and food sectors.
EU Regulation Alert: Carbon Border Adjustment Mechanism (CBAM) Comes into Effect
The EU’s Carbon Border Adjustment Mechanism (CBAM) now mandates reporting for imports of high-emission goods like steel and cement, with financial obligations starting in 2026 to align with EU carbon standards.
Russia-Belarus Export Controls/Sanctions Update
The new rule adds 94 new tariff codes to the list of items subject to the Russian and Belarusian Industry Sector…
