Exports of Information Technology Goods to Russia Eased Under BIS Rule
The Bureau of Industry and Security has issued a final rule revising the Entity List entry for Russia’s Federal Security Service in a move designed to ease U.S. exports of information technology products to Russia.
Effective April 18, this rule modifies the license requirement column for the FSB to specify that the Entity List’s license requirements do not apply to items subject to the Export Administration Regulations that are related to transactions authorized by the Office of Foreign Assets Control pursuant to new General License No. 1; i.e., transactions that are necessary and ordinarily incident to requesting, receiving, utilizing, paying for, or dealing in licenses, permits, certifications, or notifications issued or registered by the FSB for the importation, distribution, or use of information technology products in Russia (with certain restrictions).
Click here for more information on this change.