Broker Scam & Fraud Alert
Tuesday, 29 March 2022
Crude oil exports from other countries may pass through Russian infrastructure
Earlier this month, President Biden banned U.S. imports of crude oil, refined petroleum products, natural gas, coal, and coal products that originate in Russia. The Presidents executive order, however, does not restrict U.S. energy imports originating in other countries that transit through Russia or depart from Russias ports. Crude oil exported from countries including Kazakhstan, Azerbaijan, and Turkmenistan moves through Russias energy export infrastructure. Crude oil from Russia can be imported into the United States if it is marketed and loaded with a certificate of origin verifying that the crude oil is of non-Russian origin. More »
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