On 15 September, the Commerce Department’s Bureau of Industry and Security (“BIS”) issued a rule applying further restrictions on Russia and Belarus. Among a number of changes, the tightened sanctions measures: “
Add Belarus to the scope of industry sector sanctions that currently apply only to Russia.
Refine existing controls on Russia and Belarus to more closely align with requirements implemented by allies by adding additional dollar value exclusion thresholds for ‘luxury goods’.
Impose cont...
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