U.S. BIS renews temporary denial of export privileges against Russian airline
The current renewal will remain in effect for one year.
The current renewal will remain in effect for one year.
The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce renewed a temporary denial order (TDO) against a Russian airline for another year due to the airline’s repeated violations of the Export Administration Regulations (EAR). The TDO prohibits the airline from participating in any transactions involving items exported or to be exported from the United States that are subject to the EAR. It also restricts any person from exporting, reexporting, or transferring any item subject to the EAR to the airline.
The TDO was initially issued in April 2022 and has been renewed several times since then—most recently in October 2023. Read TradeNewsFlash
The current renewal is effective immediately and will remain in effect for one year.
For more information, contact a professional with KPMG Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
John Anderson Managing Director E: johneanderson@kpmg.com |
Jenna Leigh Glass Managing Director E: jennaleighglass@kpmg.com |
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.