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Lawmakers press BIS on entity-list actions for Russia; proposal aims to close "subsidiary" loophole
Summary
Members asked why BIS has not added Russia-linked companies to the entity list recently and urged more frequent actions; a separate bill, the Stop Shells Act, was described to close a subsidiary ownership loophole used to evade controls.
A number of members raised concerns that BIS has not recently placed additional Russia-linked companies on the entity list in connection with Russia's war in Ukraine.
A member questioned whether BIS had added any companies to the entity list related to Russia since the change in administration. Under Secretary Kessler said BIS has continued enforcement actions addressing Russian parties and that the agency would add entities to the list if a formal interagency process supported that step: "If…
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