The Main Trends and Importance of Local Regulation of Export Controls in the Russian Federation in the Context of New Challenges and Threats

The purpose of the research. The article discusses the problems of local regulation of export controls in the context of a large-scale imposition of restrictive measures (sanctions) against Russia by foreign countries. The development and production of high-tech products are connected with an extensive network of suppliers around the world. Companies that manufacture or sell such goods, carry out their activities in several jurisdictions or are otherwise connected with the foreign regulation. In most cases, such science-intensive goods and technologies are subject to export controls. In this regard, ensuring compliance of the business activities with all applicable norms and rules becomes especially relevant for these companies. An internal control system (compliance) is a method that allows to timely identify and adequately respond to the challenges. By way of using the analysis and comparative legal method, the authors explore the essence and significance of internal control (compliance) in the field of export control based on the example of companies from Russia and the USA. Results. Export compliance program allows a company to ensure compliance with export control standards, effectively carry out foreign economic activity and serves as a guarantee of a good reputation for the company both on the domestic and international market.

sanctions, compliance, international transactions, export control, the United States of America, Rosatom