Suspended tariffs will bolster one of Ukraine’s most important industries Today, United States Secretary of Commerce Gina M. Raimondo announced the United States of America will be temporarily suspending 232 tariffs on Ukrainian steel for one year. Ukraine’s steel industry is uniquely important to the country’s economic strength, employing 1 in 13 Ukrainians with good-paying jobs. Some of Ukraine...

Today, the Department of Commerce, through the Bureau of Industry and Security (BIS), is issuing a final rule that expands its highly restrictive controls on the export and reexport of U.S.-origin and certain foreign-produced commodities, software, and technologies to Russia and Belarus, further choking off access to inputs and products needed to sustain their military capabilities. As a result of...

This Latest Action Expands and Enhances Global Coalition Standing with the Ukrainian People Against Russian Aggression Today, the U.S. Commerce Department, through the Bureau of Industry and Security (BIS), is issuing a rule that formally adds the nations of Iceland, Liechtenstein, Norway, and Switzerland to the growing global coalition of nations that are cooperating in our stand against Russian...

The U.S. Commerce Department, through its Bureau of Industry and Security (BIS), has taken additional action to degrade Russian and Belarusian defense, aerospace, maritime, and other strategic sectors in response to Russia’s brutal assault on the sovereignty of Ukraine. BIS is issuing a final rule adding 120 entities to the Entity List. Ninety-five (95) entities are being added as military end...