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” U.S. export controls with allies, place new export license requirements on additional “industrial items” and chemicals destined for Russia, and impose controls on certain electrical parts destined to Iran for use in unmanned drones.
The Entity List changes, also effective May 19, add entities in Armenia, Kyrgyzstan, and Russia for either supporting Russia’s military sector, diverting U.S.-controlled items to Russia, or preventing a U.S. end-use check.
For more information reach out to Mohawk Global Trade Advisors.
By Danielle Leonard