U.S. Bans Imports of Most Russian Energy Products
International Trade and Investment Alert™ | March 11, 2022
On March 8, 2022 President Biden issued an Executive Order (the “New EO”) prohibiting the importation into the United States of Russian-origin crude oil, petroleum, petroleum fuels, oil, liquefied natural gas, coal, and coal products. The New EO also prohibits new investment in Russia’s energy sector by U.S. persons and any facilitation of such transactions conducted by foreign persons. These measures took effect immediately.
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