BIS Announces New Russia Export Restrictions

BIS Announces New Russia Export Restrictions

The Bureau of Industry and Security (BIS) has announced new Russia-related export controls, including actions that increase its Russian and Belarusian Industry Sector Sanctions, extend its foreign direct product rule restrictions, and add 71 new entities to the Entity List. Reason for the Updates Some of the changes in the final rule—effective May 19—“better align”…

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