JAS USA COMPLIANCE

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New Export Controls Against Russia

March 4, 2022

The Bureau of Industry and Security has issued additional sanctions and export controls against Russia in response to their invasion of Ukraine. These new rules are intended to severely impact Russian financial systems, disrupt their economy, and reduce their access to high-tech imports. The largest Russian banks targeted by these sanctions have been cut off from US financial systems. The ruling also places restrictions on the Russian military, preventing access to exports from the US and certain exports that utilize US-originating goods. Several Russian elites and their families have also had severe sanctions placed upon them and their US assets have been frozen. Canada, Japan, Australia, the EU, and other US allies are also placing their own sanctions against Russia in a unified effort to further damage Russia’s ability to carry out their invasion.

Please note the situation in Ukraine is changing rapidly, and this report is based on the most up to date data available at time of publishing.

For details on all sanctions being applied, please follow this link. Statement from the white house
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ACE is the U.S. electronic Single Window platform

ACE is the U.S. electronic Single Window platform for all trade processing, including all Manifest, Cargo Release, Post-release, Export and Partner Government Agency (PGA) data.  Trade users can access ACE via two channels: The ACE Secure Data Portal (ACE Portal) and electronic data interchange (EDI).  Deciding on which ACE access method is needed depends on the specific trade activity.  

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