Law360, New York ( June 24, 2015, 10:05 AM EDT) -- As a consequence of the Russian conflict with Ukraine, the United States has sharply restricted trade with Russia, especially exports for use in Russia's energy and defense sectors.[1] The U.S. Commerce Department's Bureau of Industry and Security, which regulates both commercial as well as "dual use" exports with military applications, has a "presumption of denial" on licenses to export controlled goods and technology to Russia for use in oil and gas exploration or production....
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