President Biden has taken action to commemorate the one-year anniversary of Russia’s invasion of Ukraine that will increase duty rates on imports of certain Russian origin products:
- March 10, 2023, Aluminum and aluminum derivatives will see an increase in Section 232 duties from 10 percent to 200 percent.
- April 1, 2023, Certain Metals, minerals, and chemical products will see an increase in Column 2 duties rates from 35 percent to 70 percent.
- Subchapter III of Chapter 99, U.S. Note 30, will identify the affected Harmonized Tariff Schedule (HTS) numbers using 9903.90.09, in new subdivisions (c) and (d).
- April 10, 2023, the 200 percent Section 232 duties will apply to imports containing aluminum that was smelted or cast in Russia.
- Generally Approved Exclusions will not be allowed.
- In-quota treatment will not be allowed.
- Note: Section 232 duties are in addition to any Column 2 duties.
Commerce’s Bureau of Industry and Security (BIS) also took action on exports to Russia including:
- February 24, 2023, New export control licenses required to export certain product to Russia took effect.
- This action also expanded the scope of ‘luxury goods’.
- Increased sanctions on over 200 individuals and entities of both Russian and third-country actors across Europe, Asia, and the Middle East that are supporting Russia’s war effort. Targeted are Russian financial institutions, Russian defense and technology industries, Russian metals and mining sectors, as well as Russian officials.
These actions were taken to further disrupt the Russian economy and diminish their ability to wage war.
Specific questions may be directed to OFAC’s hotline at 1-800-540-6322, or email ofac_feedback@treasury.gov.