Expansion of Export Controls on China, Russia and Venezuela
Expansion of Export Controls on China, Russia and Venezuela
In the last few months, the United States has announced new rules that will significantly expand export restrictions on China, Russia and Venezuela. On April 28, the U.S. Department of Commerce Bureau of Industry and Security (BIS) published a highly-anticipated final rule that further tightens controls on exports, reexports and in-country transfers to military end users and end uses in China, Russia and Venezuela. It also issued a final rule withdrawing License Exception CIV for these countries. These final rules go into effect on June 29, 2020.
On May 15, BIS issued an interim final rule, effective immediately, that significantly expands the foreign direct product rule to cover additional foreign-produced items destined to Huawei. And while these rules tighten restrictions on exports, reexports and in country transfers of certain controlled items and technology, there are also significant implications for companies that export EAR99 items and technology.
Join us for this webinar to hear specifics on the new requirements under the rules and how they will impact your company. We will also discuss ways to mitigate compliance risk through licensing, export reporting, screening and KYC due diligence.
Our speaker will be Ajay Kuntamukkala, partner with Hogan Lovells.
Date: Thursday, June 18, 2020
Time: 12:00 – 1:00 p.m. EST
Location: Webinar
Cost: No charge
Contact: Massachusetts Export Center at 617-973-6610
Date and Time
Thursday Jun 18, 2020
12:00 PM - 1:00 PM EDT
Printed courtesy of www.nvcoc.com/ – Contact the Nashoba Valley Chamber of Commerce for more information.
2 Shaker Road, Suite B200, Shirley, MA 01464 – 978-425-5761 – director@nvcoc.com