Russia: Sanctions, Compliance, and Consequences

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