6 RUSSIAN ENTITIES ADDED TO US ENTITY LIST UNDER EXPORT ADMINISTRATION REGULATIONS

On 16 July, KPMG reported that the Bureau of Industry and Security (BIS) of the US Commerce Department has released a final rule that amends the EAR by adding 6 entities to the Entity List.  They have been determined to be acting contrary to the national security or foreign policy interests of the US.  One existing entry is also amended. Entities on the Entity List are subject to licence requirements for the export or transfer of specified items, such as some US technologies.

https://home.kpmg/us/en/home/insights/2021/07/tnf-six-russian-entities-added-us-list-under-ear.html

https://public-inspection.federalregister.gov/2021-15362.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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