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White & Case Ukraine News Update

US Expands Export Restrictions on Russia and Targets Russian Energy Sector

White & Case Ukraine News Update

On August 1, 2014, the Bureau of Industry and Security (BIS) announced further export restrictions targeting Russia generally and the Russian oil and gas sector in particular, effective August 6, 2014. This action implements restrictions taken in coordination with further enhancement of sanctions measures against Russia stemming from the Ukraine situation, which were announced generally on July 29, 2014.

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