Learn About New Russian Sanctions
The Bureau of Industry and Security (BIS) imposed expansive export controls against Russia & Belarus covering both U.S. origin products and numerous items made abroad. Sanctions were effective immediately, therefore no grace period was granted. This one-hour course will outline the new export controls and what exporters, re-exporters, and in-country transferors need to know.
Sanctions were imposed by the BIS and Office of Foreign Assets Control (OFAC) on Russia.
Five areas of focus are:
- BIS country-wide export controls
- BIS sectoral sanctions
- BIS military end use/end user controls
- OFAC sectoral sanctions
- OFAC financial and trade sanctions.
Other points covered include:
- Identifying products subject to the February 24 BIS sanctions rule.
- Restrictions on sales to military end-users and military end-use
- Application of the new Russia foreign direct product rule and the savings clause
- Scope of BIS Sectoral Sanctions
- Scope of OFAC Sectoral Sanctions, Directives, and General Licenses
- Russian Harmful Foreign Activities sanctions
- BIS and OFAC prohibitions regarding Crimea, Donetsk, and Luhansk
Speaker: George W Thompson
George W. Thompson specializes in export and import regulation and international business counseling. He is an adjunct professor in the International Commerce and Policy master’s program of the Schar School of Policy and Government. He has written several important works on international trade including “Transnational Contracts” published by Thomson Reuters, “Intellectual Property Rights and the United States International Trade Laws” (co-Author) published by Oceana Publications, and “Exporting: Regulations, Documentation, Procedures” published by the Global Training Center.