|NCBFAA knows that you as our members are doing their best to keep up with their day-to-day businesses under dire supply chain circumstances, and now add on top of all that the recent flurry of U.S. sanctions imposed on Russia for its invasion of Ukraine. What do these sanctions mean to your business (our industry)? Well, it can be an awful lot, depending on whether you work with customers that had export or import business with Russia prior to invasion. That is why NCBFAA is pleased to provide you—our customs broker, freight forwarder, and NVOCC members—with the latest links to these U.S. government guidance documents, as well as Monday Morning eBriefing articles that you might have missed. |
From the White House
March 11—Executive Order on Prohibiting Certain Imports, Exports, and New Investment with Respect to Continued Russian Federation Aggression
March 8—Executive Order on Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation Efforts to Undermine the Sovereignty and Territorial Integrity of Ukraine
March 1—Memorandum on the Finding that a Drawdown and Sale of Petroleum from the Strategic Petroleum Reserve is Required by U.S. Obligations Under the International Energy Program Implemented by the International Energy Agency
Feb. 21—Executive Order on Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to Continued Russian Efforts to Undermine the Sovereignty and Territorial Integrity of Ukraine
From the Federal Regulators
The Commerce Department’s Bureau of Industry and Security (BIS) provides this comprehensive Russian Sanctions Resources webpage with numerous links to key export control guidance and requirement documents. The Treasury Department’s Office of Foreign Assets Control (OFAC), which focuses on export controls related to sanctions, provides a Sanctions Programs and Information webpage with the latest actions taken by the agency. You should also keep track of Customs and Border Protection (CBP) trade enforcement actions related to the Russian sanctions via the agency’s Cargo Systems Messaging Service (CSMS).
Here are the latest NCBFAA Monday Morning eBriefing (MMeB) articles pertaining to the Russian sanctions (NOTE: You must use your website login to access these articles):
March 21—CBP Outlines What to Expect for Incoming Russian Imports
March 14—NCBFAA Tools that Support U.S. Government Russia-Belarus Outreach Efforts
March 14—Russia-Belarus Sanctions and Russia Sectoral Sanctions Update
March 14—U.S. Joins G7 to Revoke Russia’s Most-Favored-Nation Status, Adds Trade Prohibitions
March 7—BIS Export License Requirements for Belarus Follow Those Imposed on Russia
Feb. 28—BIS Implements Sanctions Against Russia Under Export Administration Regulations
As your association we will continue to do our utmost best to keep you informed of U.S. sanctions against Russia, especially as they relate to customs brokerage and freight forwarding.