BIS List Shows Companies Suspected of Shipping Controlled Items to Russia
The nearly 700 companies that the Bureau of Industry and Security has flagged for potentially sending export controlled goods to Russia include foreign suppliers in China, Turkey, India and others across Asia, Europe, Africa and the Middle East, according to a list obtained by Export Compliance Daily.
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“It’s as polite as any letter could be from a U.S. government agency,” said Anthony Rapa, a trade lawyer with Blank Rome. He said the “subtext” of the letter, along with the named companies, is that “the recipient should seriously consider not dealing with them anymore.”
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While the letters don’t impose “a legal prohibition” on the foreign supplier, “in some sense, it is now furnishing the recipient with knowledge of some bad activity regarding those companies to which BIS is privy,” Rapa said. “So it could have enforcement implications later on.”
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"BIS List Shows Companies Suspected of Shipping Controlled Items to Russia," by Ian Cohen was published in Export Compliance Daily on June 10, 2024.