On December 22, 2023, Joe Biden signed an executive order authorizing OFAC to impose so-called secondary sanctions on financial institutions that facilitate transactions for Russia's purchase of military-essential equipment.
A number of overseas banks have ordered a review of their Russian operations, with a focus on cross-border transactions. 
China's domestic commercial banks have also tightened the examination of the receipt of remittances related to RussiaMany foreign trade businesses cannot collect money normally because they do not meet the audit requirements of the receiving bank or intermediary bank.
It is reported that since the escalation of the conflict between Russia and Ukraine, the United States, the United Kingdom, the European Union, Australia, Canada and Japan and other countries have imposed more than 16,500 sanctions on Russia. Their main goal is Russian money. About 70% of the assets of Russian banks were also frozen, the EU saidSome of these banks are also excluded from the SWIFT international funds clearing system.
In addition, Western countries have banned the export of technology to Russia that could be used in the manufacture of **, and banned the import of ** and diamonds from Russia.
In the current situation,Foreign trade enterprises and individuals exporting to Russia must pay attention.
According to OFAC**, the Russian Critical Items Determination, issued under subsection 11(a)(ii) of Executive Order 14024, identifies certain items that support Russia's military-industrial base. Foreign financial institutions may be subject to sanctions for direct or indirect transfers of the following items to Russia** or to Russia**. The list of items or categories of items published by OFAC on 22 December 2023 is as follows:
The Chinese translation is as follows:
Last week's new sanctions did not involve obvious product additions and deletions, so the above export product categories can still be referred to. Recently, there are foreign traders who have exported to Russia and involve the above categories of productsIt is necessary to pay attention to the safety of collection and confirm whether the export products can be collected normally.