HR 7095
Ending Importation of Laundered Russian Oil Act
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Bill overview
This bill expands the existing restrictions on importing Russian oil by prohibiting the importation of any energy products produced at refineries located outside of Russia. It builds upon current law, which already bans the import of Russian products classified under Chapter 27 of the Harmonized Tariff Schedule. The bill aims to prevent the laundering of Russian oil through foreign refineries and ensure that U.S. markets are not supplied with oil originating from Russia. The bill includes a provision allowing for the potential termination of the prohibition under specific conditions related to Russia’s actions in Ukraine.
Key provisions
- Prohibits importation of energy products produced at refineries outside the Russian Federation.
- Applies to products classified under Chapter 27 of the Harmonized Tariff Schedule.
- Expands upon existing restrictions on Russian oil imports.
- Addresses the potential for ‘laundered’ Russian oil.
- Includes a mechanism for the President to potentially terminate the prohibition under specific conditions.
Who is affected
- Energy Industry
- Refineries
- U.S. Importers
- Russian Oil Producers
- Consumers
Notable changes
- Broadens the scope of the existing ban to include products refined outside of Russia.
- Addresses the potential for circumventing existing sanctions through the use of foreign refineries.
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Primary sponsor
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119th CONGRESS — 2d Session
H. R. 7095
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Ending Importation of Russian Oil Act to provide for a prohibition on importation of energy products produced at refineries outside the Russian Federation.
This Act may be cited as the Ending Importation of Laundered Russian Oil Act
.
by redesignating section 3 as section 4; and
by inserting after section 2 the following:
All products classified under chapter 27 of the Harmonized Tariff Schedule that were produced at any refinery that uses crude oil originating in the Russian Federation shall be banned from importation into the United States.
in subsection (a), by inserting or 3
after section 2
; and
or 3after
section 2.