Export Controls ‘Matter More Than Ever’

  • Controls are at the ‘red-hot center’ of protecting democracies
  • Commerce Secretary Gina Raimondo speaks at BIS conference

US restrictions on exports “are at the red-hot center of how we best protect our democracies” because they cut off supply of crucial technologies tocountries that threaten American national security, Commerce Secretary Gina Raimondo said. 

Export controls “matter more than ever,” she said at a conference hosted by the Commerce Department’s Bureau of Industry and Security Wednesday, giving the example of restrictions on exports to Russia that may force the nation to ground as much as two-thirds of its commercial aircraft in the next four years to cannibalize them for spare parts.

Source: Bloomberg