US THREATENS NOVEL EXPORT CONTROL TO DEPRIVE RUSSIA OF KEY TECH COMPONENTS 

On 24 January, various media sources reported that the US has threatened to impose a novel export control to deprive Russia of key tech components that would damage AI and aerospace industries if Russia were to invade Ukraine.  It may also opt to apply the control more widely, potentially restricting Russia’s access to semiconductors, and therefore Russian citizens of smartphones, games consoles and tablets.  Such export controls, known as the foreign direct product rule, and which expand US sanctions beyond financial targets, have only been deployed once before – to nearly bring down Chinese tech giant Huawei.

https://www.dailymail.co.uk/news/article-10434611/America-threatens-novel-export-control-deprive-Russia-key-tech-components.html

https://www.washingtonpost.com/national-security/2022/01/23/russia-ukraine-sanctions-export-controls/

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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