Export Control Shake-Up: Navigating the Expanded Export Restrictions https://t.co/wKrTAqPkKq
U.S. Sanctions Update as of April 2024 https://t.co/hsdHCZKwOo | by @mikevolkov20
OFAC Limits Exports of Technology to Russia and Expands Secondary Sanctions on FFIs That Support Russian War Efforts https://t.co/4kwpWCNbuu | by @lockelord
The U.S. government has expanded its sanctions and export controls, focusing on technology exports to Russia and secondary sanctions on foreign financial institutions (FFIs) that support Russian war efforts. The Bureau of Industry and Security (BIS) has proposed revisions to the Export Administration Regulations (EAR) to address U.S. person support for foreign security and military end users. The Office of Foreign Assets Control (OFAC) has also limited technology exports to Russia. These measures aim to manage supply chain risks and enhance enforcement amid increasing geopolitical tensions. Additionally, the Uyghur Forced Labor Prevention Act (UFLPA) continues to influence supply chain strategies two years after its implementation.
