Morgan Lewis US and Russia Sanctions Update slide image

Morgan Lewis US and Russia Sanctions Update

US Sectoral Sanctions - BIS (cont'd) US Dep't of Justice announcement in Nov. 2020 of guilty plea agreement with Russian company and its owner, for their part in conspiracy to evade BIS- administered sanctions against Russia - attempted export of American-made turbine for use in Russian Arctic offshore oil drilling (and see further background news here and here) Another notable important BIS action with regard to Russia 2019 reported opposition to a US company's export to affiliates of United Aircraft Corp. (owned by Rostec) of high-tech composite material needed for new-generation Russian passenger liner MS-21 and reported related US pressure on Japanese producer of same material; this sparked Russian gov't support development of local substitute (see report) - reportedly now being certified, production kick-off anticipated for 2022 See BIS 2015 Guidance on Due Diligence to Prevent Unauthorized Transshipment / Reexport of Controlled Items to Russia Expresses BIS concern "about efforts by front companies and other intermediaries who are not the true final end users..." Special focus on third-country freight forwarders and other dubious parties listed as an export item's final destination See also OFAC May 2020 Guidance to Address Illicit Shipping and Sanctions Evasion Practices Morgan Lewis 31
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