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Expert Analysis

No More Export Licenses For Russia: Tips For Exporters

Law360, New York (April 17, 2014, 5:01 PM EDT) -- Most media coverage about the Ukraine-related sanctions against Russia has focused on the decision to blacklist prominent Russian officials and others with close ties to Russian President Vladimir Putin. These targeted sanctions grabbed headlines, but the more pressing issue for many U.S. exporters is the significant move by the U.S. government to stop issuing export licenses for dual-use and defense items to Russia. This latest action underscores the need for U.S. businesses to reassess and scrutinize their transactions involving Russia and to implement sound export compliance processes, also in light of the deteriorating situation in the region....

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