News & Publications

Russian Industry Sector Sanctions


In order to address Russia’s policy of destabilization in the Ukraine and the occupation in Crimea, the U.S., and the E.U. are increasing the sanctions imposed against Russia.

US Sanctions: Federal Register Vol. 79. No. 151 Wednesday, August 6, 2014

The Bureau of Industry and Security has amended the Export Administration Regulations (EAR), to include new export sanctions that will apply to specified items used in Russia’s energy sector, specifically in the exploration or oil production from deep water, Arctic offshore, or shale projects.

Section 746.5 of the EAR imposes controls on the export, re-export, or transfer of any item subject to the EAR that is specified in ECCNs 0A998, 1C992, 3A229, 3A231, 3A232, 6A991, 8A992 AND 8D999, or listed in supplement 2 of section 746 (below).

EU Sanctions: Council Regulation (EU) No. 833/2014

A prior authorization will be required for the sale, supply, transfer or export, directly or indirectly, of technologies listed in Annex II (below) whether or not originating in the EU, to any natural or legal person, entity or body in Russia or in any other country, if such equipment or technology is for use in Russia.

If you are exporting any of the items listed in either Supplement 2 to EAR 746 or Annex II to EU Regulation No. 833/2014 to Russia, it is important that you follow the correct screening and licensing procedures.

If you would like more information on how this may affect your company or for any other trade compliance matters, please contact Allyn at (239) 489-9900 or you can email us at sales@allynintl.com.
 

 

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