The Department of Commerce’s Bureau of
Industry and Security (“BIS”) recently published a final rule adding to
existing U.S. government restrictions on trade with Venezuela. The November 7th
rule amends Section 744.21 of Commerce’s Export Administration Regulations
(“EAR”) to add license requirements on the export, reexport, and transfer of
certain items destined for “military end use” or a “military end user” in
Venezuela. These items may include dual-use telecommunication equipment,
certain software, aircraft navigation systems and lasers. Section 744.21
restrictions originally applied only to China and were extended to cover Russia
about a month ago. These latest restrictions on trade with Venezuela come as a
response to Venezuelan government and military reactions to domestic protests
that began in February 2014. More… 
Friday, November 21, 2014
BIS Ramps Up Restrictions on Trade With Venezuela
The Department of Commerce’s Bureau of
Industry and Security (“BIS”) recently published a final rule adding to
existing U.S. government restrictions on trade with Venezuela. The November 7th
rule amends Section 744.21 of Commerce’s Export Administration Regulations
(“EAR”) to add license requirements on the export, reexport, and transfer of
certain items destined for “military end use” or a “military end user” in
Venezuela. These items may include dual-use telecommunication equipment,
certain software, aircraft navigation systems and lasers. Section 744.21
restrictions originally applied only to China and were extended to cover Russia
about a month ago. These latest restrictions on trade with Venezuela come as a
response to Venezuelan government and military reactions to domestic protests
that began in February 2014. More… 
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