Russian Sanctions Update - August 2022

As a result of the February 2022 invasion of the Ukraine by Russia the US government issued sanctions against Russia and Russian owned companies. For the jewelry industry, this put an end to the supply of Russian diamonds being able to be sold in the country. Subsequently, as the Russian war on the Ukraine continues the US government has been expanding sanctions to include other Russian produced goods, including gold. In this podcast from August 2022, Sara Yood of JVC provides the listener with the sanctions timeline, expanded updates to those sanctions and information on how a retailer should handle sourcing concerns. Sara Yood, Esq. is the Deputy General Counsel at JVC with extensive experience in legal compliance. Sara’s responsibilities at JVC include anti-money laundering compliance, FTC Guides compliance, trademark litigation, copyright, advertising monitoring and review, creating legal compliance tools and publications, and advanced legal strategy.