Sanctions and Export Control Alert

The Department of Commerce’s move was announced on 25 March 2014 on the website of the Bureau of Industry and Security (BIS), which administers the export licensing process for items on the Export Administration Regulations (EAR) Commerce Control List. The notice reads, “Since March 1, 2014, BIS has placed a hold on the issuance of licenses that would authorize the export or re-export of items to Russia. BIS will continue this practice until further notice.” No further details were provided in the notice, but a BIS official has confirmed that the policy applies to new license applications only; existing licenses remain valid and use of license exceptions is not impacted at this time. The official indicated that BIS anticipates issuing further guidance within a week, likely in the form of a website notice or an update to BIS’ FAQs. If necessary, a change to the EAR will be made. Read full story Read more on related sanctions Read more on Ukraine and Russia Sanction Developments

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