The US disclosed the details of export sanctions against Russia The US published a legal act on the forthcoming entry into force of new restrictions on the export of high-tech products to Russia. Sanctions

The Bureau of Industry and Security (BIS) of the US Department of Commerce (the export control regulator) has released details of new technology export restrictions for Russian industries. The corresponding document “in response to the further invasion of the Russian Federation into Ukraine” will enter into force on March 3, 2022, that is, the United States gave businesses a week to adapt to the new regime.

On February 24, the administration of US President Joe Biden announced that the new restrictions are aimed at depriving such sectors of Russian industry as the military-industrial complex (DIC), aircraft manufacturing and shipbuilding, of critical technological elements. The announced export control sanctions are the largest ever imposed on a single state, the US Department of Commerce said. According to the White House, the new restrictions will more than halve Russian imports of high-tech products.

Opt Out Policy

U.S. export control regulations, which cover many dual-use items, as opposed to financial sanctions, which target U.S. citizens, banks, and companies, are binding on any entity, including those outside the U.S., dealing in shipments of U.S.-origin goods under jurisdiction of the BIS.

First of all, the US introduced a mandatory requirement for US suppliers to obtain licenses to export to Russia a wide range of products controlled by BIS, from electronics and computers to avionics and components for the aerospace industry. Most applications from exporters for such licenses will be processed under a "denial policy", meaning export approval will be granted in exceptional cases. The presumption of refusal will not apply only to supplies necessary to ensure the safety of civil flights, maritime security, humanitarian needs, Russian-American cooperation in space exploration, and the work of Russian subsidiaries of Western corporations.