Russia Sanctions: G7 issues its first joint guidance on preventing Russian export control and sanctions evasion

​​1. Since 24 February 2022, Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union (collectively, the “G7") have implemented unprecedented export controls and sanctions that restrict Russia's access to technologies and other materials required to sustain its military operations and illegal war campaign in Ukraine.

2. On 25 September 2024, the G7 published its first joint guidance for the private sector on preventing Russian export control and sanctions evasion.

3. The aim of the guidance is to assist the private sector to identify Russian evasion practices, to prevent the diversion of controlled items to Russia, including through third countries.

4. The guidance for includes

• A list of items which pose a heightened risk of being diverted to Russia
  

• Updated red flag indicators of potential export control and/or sanctions evasion

• Best practices to address these red flags
  

• Screening tools and resources to assist with due diligence
  

5. The guidance has been published by the US Bureau of Industry and Security.

Further information

6. Further information on sanctions can be found on Government of Jersey and Jersey Financial Services Commission (JFSC) websites. 

7. Jersey guidance on sanctions regimes is available at JFSC Sanctions by country and category. 

8. The UK guidance on Trade Sanctions circumvention.

9. National Economic Crime Centre: Red Alert – Exporting High Risk Goods

10. The UK Sanctions List on GOV.UK. 

11. The UK Office of Financial Sanctions Implementation Consolidated List on GOV.UK. 

Enquiries

12. Non-media enquiries, sanctions compliance reporting, and licence applications should be emailed to the Financial Sanctions Implementation Unit at  sanctions@gov.je. ​

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