International trade law

Operation Economic Outcast against Iran, Syria removed from the state sponsors of terrorism list, Venezuela licences reissued, Section 338 duties and Canadian retaliation, Section 232 duties on drones.

Business implications: the OFAC designation of two ICC officials, without a corresponding extension of the EU Blocking Regulation, leaves dollar-exposed operators facing a difficult compliance choice; the new US Section 232 duties on drones require exporters to secure critical-component origin traceability without delay…

Senate passes expanded sanctions bill against Russia and Iran with tariffs up to 100% – “This mechanism, if adopted by the House, would create a new instrument of extraterritorial tariff pressure” – OFAC continues designations targeting Iranian networks and sanctions evasion.

Week of 3 to 9 August 2026 I. Sanctions and EU-Russia relations International sanctions: the EU adopts its 21st sanctions

Week of 27 July to 2 August 2026 I. Turnberry Agreement: one year on, the EU extends the suspension of