Jeremy Paner Discusses Legal Risks of Russian Diesel Shipments with Financial Times
Russian diesel shipments raise legal questions as sanctioned vessels head to U.S. ports.
Highlights
Three tankers, including vessels sanctioned by the EU, UK and Canada, carrying Russian diesel are headed to U.S. ports.
OFAC issued a general license authorizing imports of Russian diesel into the United States.
Paner says the arrival of tankers sanctioned by the EU, UK and Canada would be “highly problematic” because of the interconnected economies and financial systems.
Jeremy Paner spoke with the Financial Times about the legal risks surrounding Russian diesel shipments as sanctioned vessels prepare to arrive at U.S. ports.
The article reports that three tankers carrying Russian diesel are scheduled to arrive at U.S. ports, including one vessel sanctioned by U.S., UK and EU authorities and another sanctioned by the UK, EU and Canada. The shipments are the first licensed by U.S. authorities under President Donald Trump’s recent arrangement with Putin to authorize Russian diesel shipments.
Paner said Congress is understandably concerned about the temporary license issued to allow imports of Russian diesel but noted that the president had the legal authority to issue it.
Addressing the potential arrival of a tanker sanctioned by the EU, UK and Canada, Paner said it would be “highly problematic as those economies and financial systems are closely interwoven into the maritime and port sectors in the U.S.”
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