No Sanctions on Exporting Ag Equipment to Russia
The Department of the Treasury has issued a Fact Sheet to further clarify that the United States has not imposed sanctions on the production, manufacturing, sale, or transport of agricultural equipment or ag commodities to the Russian Federation (Russia). In addition, Treasury’s Office of Foreign Assets Control (OFAC) has issued a broad general license (GL) to authorize certain transactions related to agricultural commodities, agricultural equipment. The United States strongly supports efforts by the United Nations to bring both Ukrainian and Russian grain to world markets and to reduce the impact of Russia’s unprovoked war on Ukraine on global food supplies and prices.