US Issues New Russia Restrictions, Adds to Entity List
The Bureau of Industry and Security announced a host of new export control actions aimed at further limiting Russia from sustaining its war effort against Ukraine, including additions to the Entity List, an expansion of the agency’s industry sector restrictions on both Russia and Belarus and new export controls against Iran to address its drone transfers to Russia. The measures, effective Feb. 24, add 86 new entities to the Entity List; place additional restrictions on commercial, industrial and luxury goods; impose new license requirements on “low-technology” items destined to Iran; create a new Iran Foreign Direct Product Rule, and more.
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The new measures were “developed in concert with international allies” and aim to “cut off the Russian defense industrial base and military from even low-technology” consumer items, BIS said in an emailed news release. “Today’s package of rules shows that our commitment -- and that of our allies -- is not wavering,” BIS Undersecretary Alan Estevez said, “and that we will meet whatever Russia, Belarus, Iran, private firms, such as those from China, or anyone globally who seeks to support them can muster with strong, coordinated action.”
The Office of Foreign Assets Control also announced a range of new Russian sanctions, including new restrictions targeting the country’s metals and mining sectors and new financial sanctions against more than 100 people and entities. OFAC said the measures were coordinated with G-7 allies.