New Export Control List Update: 123 Entities Added

The United States has included 123 new entities to its 'Entity List,' impacting 63 in Russia and 42 in China. Companies on this list will need a special license for U.S. exports, aimed at curbing Russia's war effort in Ukraine and China's military advancements.

The United States is intensifying its export control measures by adding 123 entities to its 'Entity List,' impacting Russia and China significantly, according to a recent Federal Register notice.

This move mandates U.S. suppliers to secure a hard-to-get license before exporting to these targeted companies. Such measures aim to disrupt supplies to Russia's war initiative in Ukraine and counter the advancement of Chinese tech firms aiding Beijing's military.

Washington frequently employs this tool to exert pressure on international companies, hindering their access to critical U.S. technology and supplies.