United States expands sanctions against Russia under Export Administration Regulations, targets oil refinery sector
New export controls will further limit revenue that could support the military capabilities of Russia.
New export controls will further limit revenue that could support military capabilities
The Bureau of Industry and Security (BIS) of the U.S. Commerce Department this afternoon released for publication in the Federal Register a final rule expanding the existing sanctions against the Russian industry sector by adding a new prohibition under the Export Administration Regulations (EAR) that targets the oil refinery sector in Russia.
Read the final rule [PDF 260 KB]
The new export controls will further limit revenue that could support the military capabilities of Russia.
BIS previously released a final rule that added new Russia license requirements and licensing policies to the EAR in response to Russia’s further invasion of Ukraine. Read TradeNewsFlash
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