OFAC applies E.O. 14068 to Russian-origin gold, forbidding its import into the United States unless licensed and exempting only gold that left Russia before the determination
Trade
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Technology & weapon materials export ban
Prohibit the export of certain advanced technologies and goods that could be used in the production and manufacturing of weapons by Russia, and to list an additional 6 Generals who are senior defence officials and 46 defence entities.
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Services to Russian oil sector ban
Prohibit the provision of services to the Russian oil, gas and chemical industries, including technical, management, accounting, and advertising services.
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New sanctioned banks and export bans for 8 product categories
The Japanese government designated two additional Russian banks, Credit Bank of Moscow and Russian Agricultural Bank (Rosselkhozbank), and one Belarusian bank, Belinvestbank (Belarusian Bank for Development and Reconstruction). These banks are subject to restrictions on payments, requiring a license to make a payment to the designated banks, and restrictions on capital transactions, requiring a license for capital transactions including deposits, trusts, and loan contracts with the designated persons or entities. The asset freeze measures against the newly designated banks will go into effect on July 7, 2022. Additionally, effective June 17, 2022, the Japanese government introduced an export ban on a variety of products that strengthen Russia’s industrial base. Products subject to the export ban, including related technologies, cover wood and articles of wood such as sheets for veneering and coopers’ products, reservoirs, tanks, vats and similar containers of iron or steel, interchangeable tools for hand tools or machine-tools, knives and cutting blades for machines, boilers, machineries and accessories and parts thereof, electrical machinery and equipment and parts thereof, rail locomotives and railway or tramway maintenance or service vehicles and open wagons, vehicles other than railway or tramway rolling-stock and parts and accessories thereof, and optical, photographic, cinematographic, measuring, checking, precision instruments and parts and accessories thereof.
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Luxury goods & weapon materials export ban
Prohibit the export of certain luxury goods and goods that could be used in the manufacturing of weapons to Russia, to prohibit the import of certain luxury goods from Russia, and to list an additional 14 oligarchs, close associates of the Russian regime, and members of their families.
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Ban on accounting, trust-formation and management-consulting services
OFAC forbids US persons to export, re-export, sell or supply accounting, trust- and corporate-formation, and management-consulting services to Russia, and designates those three service sectors under EO 14024 so that any party operating in them can now be subjected to full blocking sanctions.
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Fifth package of sanctions against Russia
The fifth package includes a ban on:
imports from Russia of coal and other solid fossil fuels;
all Russian vessels from accessing EU ports;
Russian and Belarusian road transport operators from entering the EU;
imports of other goods such as wood, cement, seafood and liquor;
exports to Russia of jet fuel and other goods;
deposits to crypto-wallets. -
Services to Russian aircrafts ban
Prohibit the provision of all insurance, reinsurance, and underwriting services for aircraft, aviation and aerospace products either owned by, controlled by, registered to, chartered by, or operated by entities and Generals resident, incorporated, or domiciled in Russia.
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Japan to ban exports of luxury goods
Japan will prohibit the export to Russia of luxury goods—including high-value alcoholic beverages, tobacco products, perfume and cosmetics, leather goods, furs, clothing, footwear, hats, carpets, jewellery, ceramic and glassware, diving apparatus, passenger cars, motorcycles and key parts, notebook PCs, watches with precious-metal components, grand pianos, works of art, antiques, banknotes, gold coins and ingots—from 5 April 2022, unless exporters obtain an General licence.
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Japan rolls out general sanctions to 25 people and bans exports to 81 more entities
Japan has designated 25 additional Generals from the Russian Federation and 81 entities as Russian Federation Specially Designated Entities. A licence will be required for any payments to, or capital transactions with, the designated Generals—including deposit, trust and loan contracts—and all exports to the 81 designated entities will be prohibited.