Ending Importation of Laundered Russian Oil Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
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.
Bill text
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Sponsors
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