On Friday, August 1, 2014, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an advance copy of a final rule amending the Export Administration Regulations (“EAR”) by, among other things, imposing significant new restrictions on exports, reexports, and in-country transfers of certain goods, software, technology, and data for use in Russia’s oil and gas sector related to deepwater, Arctic offshore, and shale exploration and production operations (the “EAR Amendments”). The EAR…
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