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President Trump issued an executive order on October 16 implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 while waiving its tariff provisions and numerous sanctions and restrictions.
The sanctions bring trade-secret risk directly into investment compliance, requiring banks, fund managers, and technology companies to assess their exposure to the designated MiraclePlus entities.
The Federal Maritime Commission has proposed a $200,000 fee on Spanish-flagged vessels entering U.S. ports and restrictions on selected Spanish exports, escalating a dispute over Spain’s denial of port access to vessels carrying cargo bound for or coming from Israel. The proposal would extend the dispute to U.S. importers of Spanish olive oil, cosmetics, ceramics, and other goods.
The dispute puts COSCO’s access to reduced U.S. port inspections under scrutiny as lawmakers press the Coast Guard to account for national security risks alongside vessel safety. COSCO has denied the espionage allegations, saying its onboard equipment serves legitimate commercial purposes.
U.S. private equity firm Carlyle Group has abandoned its active pursuit of Lukoil's international assets after its acquisition agreement expired without Treasury Department approval, leaving a consortium led by investor Todd Boehly among the remaining contenders for the Russian oil company's overseas business.
The European Union added 1,646 persons and entities to its Russia sanctions list on October 12, increasing the number of designations under its Ukraine territorial-integrity regime by about 35%, to nearly 4,600.
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