US Imposes Significant Export Restrictions on Russian Oil and Gas Field

August 13, 2015

The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) added the Yuzhno-Kirinskoye Field, a Russian oil and gas field, to the Entity List on August 7, 2015. The action effectively prohibits all persons from exporting any U.S.-origin goods, or certain foreign goods-made goods incorporating U.S.-origin content, for use in the field.

Read "U.S. Imposes Significant Export Restrictions on Russian Oil and Gas Field" for more information on how this action affects companies contemplating transactions involving Russia or Ukraine, particularly those in business involving the energy sector of the Russian economy.