BIS Touts Impact of Russia Export Controls So Far
The Bureau of Industry and Security has prevented more than 100 illegal exports to Russia and Belarus and detained or seized $93 million worth of shipments since Moscow’s invasion of Ukraine in February, the agency said in an Aug. 25 news release. It also said it has expedited license approvals for more than $1 billion in defense equipment and services for Ukraine and has added 335 parties to its Entity List for supporting Russia’s military during that same time period.
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The agency said the numbers prove its export controls are working. “The impact of our export controls will only continue to bite harder the longer Russia sustains its aggression,” BIS Undersecretary Alan Estevez said in a statement. The agency said the effects will “continue to increase over time as Russia’s military is unable to obtain what it needs to repair and replace a wide range of military equipment and weapons, and Russia’s government seeks to generate additional revenue to finance the war.”