Russian Oil Industry Sanctions and Addition of Person to the Entity List

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In this rule, signed today by Under Secretary of Commerce for Industry and Security Eric L. Hirschhorn, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) to impose additional sanctions implementing U.S. policy toward Russia to address that country's continuing policy of destabilization in Ukraine and continuing occupation of Crimea and Sevastopol. Specifically, BIS adds one person located in Russia to the Entity List. This person has been determined by the U.S. Government to be acting contrary to the national security or foreign policy interests of the United States. In addition, this rule imposes controls on certain items for use in Russia's energy sector intended for exploration or production from deepwater (greater than 500 feet), Arctic offshore, or shale projects that have the potential to produce oil or gas in Russia.

BIS Rule
August 1, 2014.