Trade and Manufacturing Monitor
BIS Issues Guidance on Addressing Export Diversion Risks
On July 10, the Department of Commerce’s Bureau of Industry and Security (BIS) published guidance on how to identify parties that present a heightened risk of diversion to Russia’s military-industrial sector, as well…
2nd Anniversary of Ukraine Invasion Brings New Sanctions on Russia
On February 23, 2024, on the 2nd anniversary of Russia’s invasion of Ukraine, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced significant new sanctions, adding nearly 300 Russian and select…
Commerce Department Expands Russia and Belarus Controls, Implements Clarifying Changes
On January 25, 2024, the Commerce Department’s Bureau of Industry and Security (“BIS”) strengthened its existing controls under the Export Administration Regulations (“EAR”) against Russia and Belarus. Specifically,…
White House Broadens Restrictions on Russia by Authorizing Sanctions on Foreign Financial Institutions and Expanding the Import Ban
On December 22, 2023, President Biden signed Executive Order 14114, titled “Taking Additional Steps With Respect to the Russian Federation's Harmful Activities” (EO 14114), with a focus on holding foreign financial…
Commerce Department Publishes Best Practices to Prevent High-Priority Items From Being Diverted to Russia
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS” or “the agency”) has published a set of best practices for exporting nine products on the U.S. Harmonized Tariff Schedule (“HTS”) drawn from the…