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More License Exceptions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

United States - Export Controls & Trade & Investment Sanctions - Carrot And Stick Export Controls: U S Export Controls Give Benefits To Allies

Carrot and Stick Export Controls: U S Export Controls Give Benefits to Allies | Sheppard Mullin Richter & Hampton LLP

US – BIS amends Country Groups for Ukraine, Mexico, and Cyprus under the EAR

US – BIS amends Country Groups for Ukraine, Mexico, and Cyprus under the EAR The US Department of Commerce’s Bureau of Industry and Security issued a final rule amending the Export Administration Regulations to revise the Country Group designations for Ukraine, Mexico, and Cyprus. BIS has placed these countries’ into more permissive Country Groups due to these countries’ membership in multilateral export control regimes, as well as national security interests and policies compatible with those of the United States 421 On December 28, 2020, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a final rule amending the Export Administration Regulations (“EAR”) to revise the Country Group designations for Ukraine, Mexico, and Cyprus.  BIS has placed these countries’ into more permissive Country Groups due to these countries’ membership in multilateral export control regimes, as well as national

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