President Biden will work with Congress to revoke Russia’s Most Favored Nations (MFN) status, making imports subject to higher, Column 2 duty rates. Once an effective date is published, a further Trade New article will be issued.
The United States, along with the Group of 7 (G7) member countries and the European Union, are working to deny Russia the benefit of World Trade Organization (WTO) benefits.
The U.S. President issued an Executive Order prohibiting the import of the following Russian origin products into the United States:
- Seafood, and preparations thereof
- Alcoholic beverages
- Non-industrial diamonds
- Any other products of Russian Federation origin as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State and the Secretary of Commerce
Also prohibited is the export, re-export, sale, or supply from the U.S. or by a U.S. person of luxury goods to any person located in the Russian Federation.
The action, along with previous sanctions were imposed due to Russia’s invasion of the Ukraine.
For more details, please see the U.S. Treasury’s Russian Sanctions webpage.
Specific questions may be directed to OFAC’s hotline at 1-800-540-6322, or email email@example.com.
General questions regarding imports may be directed to your Livingston account manager.