U.S. Sanctions on Sukhoi Reportedly to be Lifted
The Associated Press has reported that the U.S. has agreed to terminate the sanctions imposed on the Sukhoi Company (also spelled Sukhoy), Russia’s major aircraft holding company.
The sanctions on Sukhoi were imposed on July 28, 2006 pursuant to the Iran Nonproliferation Act of 2000, which imposes a number of restrictions on dealing with entities that transfer prohibited equipment and technology to Iran. As a result of Sukhoi's designation, the U.S. will not issue licenses for U.S. firms to export defense articles or dual-use goods to Sukhoi.
Even if today's news report is accurate, exporters should be aware that the U.S. sanctions on Sukhoi will remain in place until the State Department publishes a notice in the Federal Register advising that the sanctions have been terminated or modified.
|posted by Douglas N. Jacobson| Permalink 
