Today, the United States, Canada, France, Germany, Italy, Japan, the United Kingdom, and the European Union (the G7) published, for the first time ever, joint guidance for industry on preventing evasion of the export controls and sanctions imposed on Russia.
The joint guidance outlines the following priority areas:
- Items that pose a heightened risk of being diverted to Russia;
- Red flag indicators of potential export control and/or sanctions evasion; and
- Best practices for industry to use to address these red flags and conduct enhanced due diligence.
To read the document, including Red Flag indicators and Best Practices, go to https://www.bis.gov/media/documents/g7-updated-guidance-industry-preventing-russian-export-control-and-sanctions
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