On 8 March, KPMG reported that a new Executive Order prohibits importation into the US of Russian crude oil and certain petroleum products, liquefied natural gas, and coal; and any new US investment in Russia’s energy sector.  OFAC has also issued new General License 16 and new and updated FAQ.

https://home.kpmg/us/en/home/insights/2022/03/tnf-us-to-ban-imports-of-russian-oil-liquefied-natural-gas-and-coal.html

https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/08/fact-sheet-united-states-bans-imports-of-russian-oil-liquefied-natural-gas-and-coal/

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220308

 

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