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Commerce Restricts the Export of Luxury Goods to Russia and Belarus and to Russian and Belarusian Oligarchs and Malign Actors in Latest Response to Aggression Against Ukraine

Press releases
Today, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) imposed restrictions on the export, reexport, and transfer (in country) of luxury goods to all end users in the Russian Federation (Russia) and Belarus and to certain Russian and Belarusian oligarchs and malign actors located worldwide. This action is in response to Russia’s brutal, continuing invasion of Ukraine (as...

Remarks by U.S. Commerce Secretary Gina M. Raimondo at the White House Meeting with CEOs and Governors in Support of the Bipartisan Innovation Act

Thank you to President Biden for convening this roundtable, and thank you Governor Whitmer, Governor Holcomb, and our guests from the private sector for joining us. From day one, President Biden has prioritized the revitalization of our manufacturing economy and has given those of us on his team a clear mission to bring those jobs back from overseas. For me, rebuilding American manufacturing is...

U.S. Secretary of Commerce Gina Raimondo Statement on “Ensuring the Responsible Development of Digital Assets” Executive Order

Press releases
Today, following President Biden’s signing of an Executive Order on “Ensuring the Responsible Development of Digital Assets” that establishes a Federal government-wide approach to the development of the digital assets industry, Secretary of Commerce Gina M. Raimondo issued the following statement: “President Biden has identified a bold and prudent path forward for a whole-of-government approach to...

Joint Statement on the Republic of Korea’s Partnership on Export Controls for Russia

Press releases
The Republic of Korea’s Minister of Trade, Industry and Energy Moon, Sung Wook and Secretary of Commerce Gina M. Raimondo are pleased to announce the formal addition of the Republic of Korea to the growing global coalition of nations that are standing against Russian aggression by implementing stringent export control policies. The U.S. Department of Commerce, through its Bureau of Industry and...

Remarks by U.S. Secretary of Commerce Gina Raimondo at the Trade Winds Plenary Session in Dubai

Thank you, Camille, for that introduction, and for all the work you put into this event. Your Excellencies, thank for participating in this plenary session. It’s been three years since the last Trade Winds Forum, and the U.S. Department of Commerce is delighted to be renewing our signature trade event here in Dubai. I’d like to recognize the American private sector delegates here today. Your...

Remarks by U.S. Secretary of Commerce Gina Raimondo at the Celebrating America Reception at World Expo in Dubai

Thank you, Bob. You’ve done a wonderful job here at Expo 2020 Dubai representing the United States. And thanks to your team and the US Mission to the UAE for your hard work. Your combined efforts have resulted in a remarkable achievement. I also want to acknowledge our industry partners - the U.S.-UAE Business Council and the American Chambers of Commerce in Abu Dhabi and Dubai - for their support...

Remarks by U.S. Secretary of Commerce Gina Raimondo at the U.S. National Day at World Expo in Dubai

Thank you for the kind introduction. And thank you to our host nation, the United Arab Emirates, and congratulations on celebrating your golden jubilee—50 years as a nation. I am honored to be with you today on behalf of President Biden and to be joined by Chargé d’Affaires Sean Murphy, Commissioner General Clark, Senator Roy Blunt from the state of Missouri, and all the members of our delegation...

Following President Biden’s Call to Expand Domestic Semiconductor Production, Commerce Secretary Raimondo Tours MIT.nano Laboratory

Press releases
Bipartisan Innovation Act would invest $52 billion in domestic semiconductor production On Wednesday, March 2, following President Biden’s State of the Union address, where he called on Congress to pass the Bipartisan Innovation Act, Commerce Secretary Gina Raimondo toured the MIT.nano lab at the Massachusetts Institute of Technology (MIT) to discuss the need for increased domestic production of...