In this advisory, members of our Sanctions and Export Control team provide a preliminary assessment of the expected policy approach of President-elect Biden’s administration to major US sanctions programs, including China and Hong Kong, Russia, Iran, Cuba, Venezuela, Syria, North Korea, and Sudan sanctions programs.
While specific steps to be taken will be revealed in due course, it is expected that the Biden administration will take a more nuanced approach to the imposition and implementation of sanctions than the current administration. While the imposition of unilateral sanctions will undoubtedly continue, we believe a key difference will be a greater effort by the Biden administration to promote multilateral sanctions coordination.
For more information, click here to read the full client alert.