BIS targets affiliates
The Bureau of Industry and Security (“BIS”) released a long-expected new rule, the Affiliate Rule, more widely known as the 50% rule. The interim final rule was immediately effective, requiring companies to control exports to customers owned 50% or more by a company on BIS’ entity list (see the Focus in this issue).
Ural Airlines export ban renewed
The U.S. renewed a temporary denial order on Russia’s Ural Airlines for another year. BIS said Ural operated aircraft with U.S...
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