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3/9/2022 U.S. Treasury Guidance on President Biden’s Executive Order | U.S. Department of the Treasury U.S. DEPARTMENT OF THE TREASURY U.S. Treasury Guidance on President Biden’s Executive Order March 8, 2022 WASHINGTON - Following President Bidenʼs announcement today banning the import of Russian oil, liquefied natural gas, and coal to the United States – a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his needless war of choice -- the U.S. Treasury released one General License and several Frequently Asked Questions to aid in the wind-down of deliveries of existing purchases that have already been contracted for. The United States continues to take severe action to hold the Russian Federation accountable for its brutal, unprovoked invasion of Ukraine. Treasury has targeted the infrastructure supporting President Putinʼs invasion of Ukraine, from his cronies to stateowned companies and even the Central Bank, restricting over 80% of the total banking assets in Russia. These actions, in coordination with partners and allies, have isolated Russia from the global financial system and degraded the Kremlinʼs ability to project power. Treasury issued: General License 16, authorizing the import of oil already contracted for FAQ 1013: Guidance on the Prohibitions of the E.O. of March 8, 2022, “Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation E orts to Undermine the Sovereignty and Territorial Integrity of Ukraine” FAQ 1014: Guidance on Importing Energy from Russia FAQ 1015: Guidance on Winding Down Activities Prohibited by the E.O. of March 8, 2022 FAQ 1016: Guidance on Shipments Contracted Before March 8, 2022 FAQ 1017: Guidance on the Validity of Russia-related General License 8A FAQ 1018: Guidance on Non-U.S. Personsʼ Exposure to Sanctions under the E.O. of March 8, 2022 FAQ 1019: Guidance on Definition of Terms in the E.O. of March 8, 2022 FAQ 1020: Guidance on Dealing in Crude Oil of the Caspian Pipeline Consortium https://home.treasury.gov/news/press-releases/jy0641 1/2 3/9/2022 U.S. Treasury Guidance on President Biden’s Executive Order | U.S. Department of the Treasury Executive Order on Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation E orts to Undermine the Sovereignty and Territorial Integrity of Ukraine. https://home.treasury.gov/news/press-releases/jy0641 2/2
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