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ARTICLE · 29 SEPTEMBER 2022

Russia Sanctions And Export Controls Update – September 27, 2022

Foley Hoag LLP
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OFAC extends expiration dates for general license related to taxes, fees and other administrative transactions.

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

  • The U.S. Department of Commerce imposes additional export controls on Russia and Belarus, including on new categories of EAR99 items that did not previously require an export license to either country
  • OFAC extends expiration dates for general license related to taxes, fees and other administrative transactions
  • OFAC adds to the SDN List Russian government officials, oligarchs, and companies who have acted as "Facilitators of Russia's Aggression in Ukraine"
  • G7 agreed to impose price cap on Russian oil

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I. Additional Export Controls on Russia and Belarus

(a) Export restrictions on a wide range of EAR99 items

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