ANNOUNCEMENT 09 May 2022

In May 2022, the U.S. Department of Commerce announced the introduction of restrictions on the export of several industrial goods to Russia in response to their invasion of Ukraine. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

U.S. Federal Register, A Rule by the Industry and Security Bureau, “Export Administration Regulations: Expansion of Sanctions Against Russian Industry Sectors”. Available at: https://www.federalregister.gov/public-inspection/2022-10099/export-administration-regulations-expansion-of-sanctions-against-russian-industry-sectors

U.S. Department of Commerce, Bureau of Industry and Security, Final Rule, “Expansion of Sanctions Against Russian Industry Sectors Under the Export Administration Regulations (EAR)”. Available at: https://public-inspection.federalregister.gov/2022-10099.pdf

U.S. White House, Briefing Room, “FACT SHEET: United States and G7 Partners Impose Severe Costs for Putin’s War Against Ukraine”. Available at: https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/08/fact-sheet-united-states-and-g7-partners-impose-severe-costs-for-putins-war-against-ukraine/

Inception date: 11 May 2022 | Removal date: open ended

Export licensing requirement

On 9 May 2022, the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”) issued a final rule imposing export control measures against Russia in response to their invasion of Ukraine. The export measures primarily target Russia’s industrial sector, including a broad range of inputs and products including wood products, industrial engines, boilers, motors, fans, and ventilation equipment, bulldozers, and many other items with industrial and commercial applications. Export control measures will be implemented in the form of an export licensing requirement. Applications for an export license will be reviewed under a “policy of denial”.

According to the department of Commerce, these new controls will further limit Russia’s access to items and revenue that could support its military capabilities.

Export control measures will enter into force on 11 May 2022.