Department of Commerce Restricts Russian Oil Sector

Identifies 91 entities connected to Russian oil refinement.

The Department of Commerce announced on Friday that it would be implementing new regulations against Russia, this time against its oil refining sector. Ninety-one parties in 10 countries have been added to the department’s Entity List, which puts heavy export controls on them and significantly restricts their access to U.S. commodities and technology. 

“With each passing day, as Russia continues its assault on Ukraine, it finds itself with fewer places to turn for economic and material support,” said Commerce Secretary Gina Raimondo. “The United States and our allies and partners will continue to stand strong with the people of Ukraine and today’s actions will further restrict Russia’s access to revenue to support its aggression.”

As the Lord Leads, Pray with Us…

  • For wisdom for federal officials as they make decisions regarding the importation of Russian oil.
  • For the president and his administration as they respond to Russia’s actions against Ukraine.

Sources: Department of Commerce


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