Tag Archives: BIS

US Sanctions Get Creative

On August 7th, the US Commerce Department’s Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) (15 CFR §§ 730–780) to include Russia’s offshore Yuzhno-Kirinskoe oil and gas field in the Entity List. The Entity List specifies companies and persons that the government believes “pose a significant risk of being or becoming involved in activities contrary to the national security or foreign policy interests of the United States.” The EAR imposes additional licensing requirements on exports, re-exports and transfers to entities and persons on the list.

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