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Tag Archives: Gina M. Raimondo
Commerce to Make $3B Economic Development Investment
“President Biden’s American Rescue Plan delivered direct relief to the American people and was the first step to energizing the American economy following the devastating impacts of the coronavirus pandemic,” said Secretary Raimondo. “Now, its medium-term investments will allow communities around the country not only rebuild but re-imagine their economy for the future.” First announced on April 14, the plan has faced Republican opposition obstructionism because it apparently helps the working class and is that their usual program of ultra-rich welfare. Continue reading
Ukraine – Commerce Puts Restrictions on Exports to Russia
The export control measures are the most comprehensive application of Commerce’s export authorities on U.S. items, including technology, as well as on foreign items produced using U.S. equipment, software, and blueprints, targeting a single nation. These were implemented with the cooperation of the United States, the European Union (EU), Japan, Australia, United Kingdom, Canada, and New Zealand. More nations are expected to align their export control policies and requirements with todays actions. “If necessary, based upon any subsequent destabilizing actions by Russia, the U.S. government will follow up in the days to come with additional stringent economic measures,” Commerce said. Continue reading →