New US Sanctions: Restrictions on Software Supply to Russia

On June 12, 2024, the United States announced new sanctions against Russia, concerning the supply of enterprise management and business analytics software, this is reported by the railway transport news portal Railway Supply.

The new measures prohibit the export of such software to Russia without a special license from the US Department of Commerce.

The EU and EBRD: A New Phase of Support for Ukraine

The sanctions affect software updates and related IT services, applying to all Russian entities regardless of the sector.

These restrictions are set to take effect on September 12, 2024.

Impact on the Russian Market

The sanctions target systems used for industrial processes and enterprise management, such as CAD and CAM systems, ERP (enterprise resource planning), CRM (customer relationship management), and BI (business intelligence) systems.

In addition, the supply of EAR99-class software without a special license is also prohibited. This category includes consumer goods and products, making the sanctions even more comprehensive.

Impact of European Sanctions

It should be noted that the new US measures align with earlier sanctions imposed by the European Union, which also banned Russian companies from accessing similar software.

The combination of US and European sanctions creates significant barriers for Russian businesses in accessing critical IT solutions.

The new US sanctions exert significant pressure on the Russian software market.

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Financial Results of Škoda Group in 2023

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit