BIS Adds 29 Persons to List of Foreign Entities Restricted From Exports of Dual-Use Goods
The Bureau of Industry and Security (BIS) has issued a rule that adds 29 persons in Cyprus, Finland, Romania, Russia, Switzerland, Ukraine (including its Crimea region) and the United Kingdom to its list of entities restricted from receiving exports of dual-use goods from the United States.
According to BIS, “dual use export licenses are required in certain situations involving national security, foreign policy, short-supply, nuclear non-proliferation, missile technology, chemical and biological weapons, regional stability, crime control, or terrorist concerns.” This rule is in response to the existing sanctions against Russia for violating international law with Ukraine.
According to the Sandler, Travis & Rosenberg Trade Report, BIS has added the following entities:
-
One entity because it is owned or controlled by a person whose property and interests are blocked due to misdeeds in Ukraine.
Five entities because they are linked to the provision of material support to a person previously designated by the Office of Foreign Assets Control.
Two entities because they operate in Russia’s arms or related materiel sector.
Six entities for operating in the Crimea region of Ukraine.
- Fifteen entities that are subsidiaries of a company added to the Entity List in September 2014.
As a result, these entities have an export license requirement for all items subject to the Export Administration Regulations and a license review policy of presumption of denial. To find out more about this rule that took effect September 2, 2015, read the entire report here.
Article Topics
Amber Road News & Resources
Logistics Platforms: Ways Companies Can Win In the Digital Era Ethical Sourcing – The Business Imperative (and Advantage) How Rules of Origin Really Do Make a Difference for Sourcing Practices E2open’s acquisition of Amber Road is a done deal E2open Completes Acquisition of Amber Road Bridging the Data Gap Between Sourcing and Logistics Medical Technologies Company Remedies Complex Compliance Operations More Amber RoadLatest in Supply Chain
Trucking Industry Pushes Back on Government’s Electric Mandates Senators Take Aim at Amazon with Warehouse Worker Protection Act Maersk Sees Silver Lining in Red Sea Shipping Challenges Happy Returns Partners With Shein and Forever 21 to Simplify Returns Baltimore Opens 45-Foot Deep Channel Following Bridge Collapse El Paso Border Delays Cost Juarez $32 Million Per Day in Economic Losses Ranking the World’s 10 Biggest Supply Chains More Supply Chain
