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ARTICLE · 16 JUNE 2022

Russia And Belarus Sanctions And Export Controls Update – June 14, 2022

Foley Hoag LLP
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The Bureau of Industry and Security ("BIS") imposes new restrictions on the export of certain industrial EAR99 items to Russia.

GlobalInternational Law
Foley Hoag LLP
Foley Hoag LLP
Luciano Racco
Luciano Racco
Shrutih Tewarie
Shrutih Tewarie
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Key Takeaways:

US Actions:

  • The Bureau of Industry and Security ("BIS") imposes new restrictions on the export of certain industrial EAR99 items to Russia
  • OFAC extends expiration date for general licenses related to administrative transactions and issues general license authorizing the processing of pension payments to U.S. persons by Russian financial institutions
  • OFAC adds Russian government officials, oligarchs, and mining companies to the SDN List, along with vessels and aircrafts
  • BIS adds 71 Russian and Belarussian entities to the Entity List

EU and UK Actions:

  • EU bans import of Russian oil and petroleum products and imposes new restrictions on the export of 80 chemicals to Russia

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