On February 24, in response to invasion by Russia of Ukraine, US Department of Commerce, Bureau of Industry and Security BIS issued new rules effectively prohibiting export, re-export or in-country transfer or use of Boeing aircraft in or to Russia without a license.
Trade Act of 1974 Section 301 authorizes president to take all appropriate tariff-based, non-tariff-based actions addressing unfair acts, policies, of foreign governments burdening U.S. commerce. United States Trade Representative USTR has imposed China-Origin good tariffs.
The Department of Treasury’s Office of Foreign Assets Control shared novel, sweeping sanctions crippling Russia’s war power, sanctioned Russian bank, state-owned TV station key figures. Bureau of Industry and Security BIS proposed rule restricting export, reexport, transfer.