On 13 July, Global Trade Review reported that US authorities have issued an alert urging trade finance providers to deploy “increased vigilance” when watching for possible evasion of export controls by Russian and Belarusian entities. It calls on banks that are financing transactions, processing payments or performing other services related to trade to help detect Russian and Belarussian evasion attempts. There are growing fears Moscow may use illicit smuggling networks to disguise the types of goods being traded, or the end destination of a shipment, as a means of evading export controls.
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