WASHINGTON – The U.S. Commerce Department, through its Bureau of Industry and Security (BIS), responded to Russia’s invasion of Ukraine by implementing a sweeping series of export controls designed to restrict Russia’s access to technologies and other items needed to sustain its aggressive military capabilities. These controls primarily target Russia’s defense, aerospace, and maritime sectors and will cut off Russia’s access to vital technological inputs, atrophy key sectors of its industrial base, and undercut its strategic ambitions to exert influence on the world stage. BIS’s actions, along with those of the Department of the Treasury, are part of the Biden-Harris Administration’s response to Russian aggression. The measures also reflect cooperation among the U.S, European Union (EU), Japan, Australia, United Kingdom, Canada, and New Zealand in aligning export control policies and requirements. In the near future, there may be more stringent economic measures. The export control measures announced Feb. 24 are the most comprehensive application of Commerce’s export authorities on U.S. items. "Russia’s actions ... also pose a real threat to democracy throughout the world,” said Secretary of Commerce Gina M. Raimondo. The U.S. "will not tolerate Russia's aggression against a democratically-elected government,” she said. The BIS actions were taken under authority of the Export Control Reform Act of 2018 and its implementing regulations, the Export Administration Regulations (EAR). The regulation will take effect when it is publicly released by the Federal Register on Thursday, February 24, 2022. (Source: Dept of Commerce 02/24/22) www.bis.doc.gov.
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