On February 24, 2022, in response to Russia’s invasion of Ukraine, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a final rule , “Implementation of Sanctions Against Russia Under the Export Administration Regulations (EAR),” adding new Russia export license requirements and making licensing policies more stringent. The final rule is effective as of February 24.
These export restrictions are expansive. Companies should review the products they export directly and indirectly to Russia to determine if the exports now require a license. Both the products themselves and the end-users may activate the restrictions under the expanded export […]
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