U.S. Commerce Department Announces Significant Restrictions on Exports, with an Increased Scrutiny on China, Russia, and Venezuela

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Saturday, May 16, 2020
Author: 
Cynthia Arrambide
Volume: 
36
Issue: 
5
Abstract: 

On April 27, 2020, the U.S. Department of Commerce Bureau of Industry and Security (BIS) issued new export control measures devised to enforce further restrictions on exports and technology transfers to China, Russia, Venezuela.[1] Two final rules and a proposed rule are expected to prevent efforts by the aforementioned countries in acquiring U.S. goods and technology for military and intelligence operations.