Overview
Tomorrow, September 7, the US Department of Commerce, Bureau of Industry and Security (BIS) will issue a final rule adding 81 entities to the BIS Entity List (15 C.F.R. Part 744, Supplement No. 4) under the Export Administration Regulations (EAR). BIS is designating the companies, which are based in Russia, the Crimea region of Ukraine, India, and Hong Kong, pursuant to authorities granted to it under Executive Orders 13660, 13661, 13662, and 13685, which respectively authorize the imposition of sanctions targeting (among others) persons destabilizing Ukraine; persons operating in the Russian arms or related materiel sector; persons operating in the Russian energy sector; and persons operating in the Crimea region of Ukraine. Most of the designations target entities affiliated with Gazprom, which already is on the Entity List.
The new designations target:
- 51 entities operating in the Russian energy industry-- specifically, as mentioned above, subsidiaries of Gazprom and entities acting at the direction of Gazprom;
- 11 entities operating in the Russian arms or related materiel sector;
- 18 entities operating in the Crimea region of Ukraine; and
- 1 entity involved in the destabilization of Ukraine.