BIS Aligns Entity List With OFAC General License for Russian FSB

The Bureau of Industry and Security is updating the designation of the Russian Federal Security Service (aka, the FSB) on the Entity List to conform with an Office of Foreign Assets Control general license issued Feb. 2 allowing certain transactions with the foreign entity related to the importation, distribution or use of certain information technology products in Russia, BIS said (here). The final rule will modify the license requirement column for that entity to clarify that the Entity List’s license requirements don’t apply to items subject to the Export Administration Regulations related to OFAC transactions pursuant to Cyber-related General License 1, as long as the transactions don’t involve exportation, re-exportation or provision of any goods technology, or services to the Crimea region of Ukraine “and do not otherwise violate [Executive Order] 13757.”