Russia: Sanctions, Compliance, and Consequences

Pre-Recorded 1 hour Course

Gain Confidence

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.

Course Agenda

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.