US Russian Sanctions: Licensing Policy for the Crimea Region of Ukraine

Jan 29th, the Bureau of Industry and Security, Commerce published a final rule amending the EAR (§ 746.6 EAR).

The Bureau of Industry and Security (BIS) issues this final rule to amend the Export Administration Regulations (EAR) to impose additional sanctions that implement U.S. policy toward Russia. Specifically, in this rule BIS amends the EAR by imposing a license requirement for the export and reexport to the Crimea region of Ukraine, and the transfer within the Crimea region of Ukraine, of all items subject to the EAR, other than food and medicine designated as EAR99. The rule establishes a presumption of denial for all such exports or reexports to the Crimea region of Ukraine and transfers within the Crimea region of Ukraine, except with respect to items authorized under the Department of the Treasury's Office of Foreign Assets Control (OFAC) General License No. 4, which BIS will review on a case-by-case basis.

This action is consistent with the goals and objectives of Executive Order 13685 of December 19, 2014.

Link: Federal Register / Vol. 80, No. 19 / Thursday, January 29, 2015, Page 4776

Source: Federal Register

Verfasst von: Matthias Merz, Geschäftsführer der AWA AUSSENWIRTSCHAFTS-AKADEMIE GmbH, Münster

Seminartipp:

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