On February 24, 2022, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) imposed sweeping restrictions on exports to Russia in response to an invasion of Ukraine. The key changes were threefold..
Feb 24, 2022 Dept of Comm Bureau of Industry and Security BIS restrictions on exports to Russia due to Ukraine. BIS adopted a presumed denial export licensing policy for Russia, covering commodities subject Export Administration Regulations, EAR, BIS placed 49 new Russian entities on Entity List
On February 24, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) imposed sweeping restrictions on exports to Russia in response to an invasion of Ukraine.