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G-7 Countries Planning New Russia Sanctions Measures, Report Says

The Group of 7 countries this week are planning to announce new sanctions and export controls against Russia, including measures to target sanctions evasion by third countries, Reuters reported May 14. The new measures, which are expected during the G-7…

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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.

summit in Japan May 19-21, will seek to further limit Russia’s energy production and target trade that is supporting Russia's military, the report said. U.S. officials also expect G-7 countries to expand export controls over certain categories of goods so that “all exports are automatically banned unless they are on a list of approved items,” the report said. The measures haven’t yet been finalized. The White House didn’t comment.