Global Trade Alert
Global Trade Alert

United States of America: Department of Commerce announces new export restrictions targeting Russia’s oil refining sector

Announcement

04 Mar 2022

In March 2022, the U.S. Commerce Department introduced a new regulation imposing export controls on goods that are needed for Russia’s oil refining sector. 

 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Mar 2022

Revocation date:

No revocation date

Announced: 04 Mar 2022
Export licensing requirement In force
On 4 March 2022, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) announced introducing new export controls targeting Russia’s oil refining sector. The new regulation (Final Rule...
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