Aims to to protect common high priority list items from misappropriation, prevent reputational harm, and mitigate liability risk
The Group of Seven (G7)—Canada, France, Germany, Italy, Japan, United Kingdom, United States, and the European Union—today issued its first-ever joint guidance aimed at preventing the evasion of export controls and sanctions imposed on Russia.
According to today’s BIS release, the goal of the joint guidance is to protect common high priority list items from misappropriation, prevent reputational harm, and mitigate liability risk, while supporting the continued success of coordinated export controls and sanctions.
The joint guidance outlines the following priority areas: