US exports to Russia receive new restrictions

United States authorities have imposed enhanced export restrictions on Russia. This was reported by TASS with reference to a notice published in the Federal Register.

The tightening took effect on June 29. It talks about the requirements for issuing licenses for the export of American dual-use and military products to Russia, as well as to China and Venezuela.

According to the changes, now the wording “military use” includes all goods whose purchase contributes to the development and creation of military products.

Also expanded the list of products for which a compulsory license is required. In addition, it will become more difficult to receive a document for some products.

According to Commerce Secretary Wilbur Ross, the decision to tighten was made so that US technology does not fall into the “wrong hands”. According to him, a number of organizations in China, Russia and Venezuela tried to circumvent US export regulation and “undermine American interests.”