The Biden administration announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods from commercial electronics and computers to semiconductors and aircraft parts.
The controls, announced by the Commerce Department and first reported by Reuters, rely on a dramatic expansion of the so-called Foreign Direct Product Rule, forcing companies making high- and low-tech items overseas with U.S. tools to seek a license from the United States before shipping to Russia.Register now for FREE unlimited access to Reuters.
Those license applications, in turn, will face a strict "policy-of-denial" standard of review, meaning only in rare cases would the administration approve them. Under the new measures, Russian companies listed as so-called military end users for their alleged ties to the Russian military, including a handful of aircraft producers, will be added to a trade blacklist known as the entity list. That will broaden the scope of items the companies would need licenses to obtain.
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