US TO BAN IMPORTS OF RUSSIAN OIL, LIQUIFIED NATURAL GAS, AND COAL

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

 

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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