US firms avoid Russian diesel amid legal risks
US companies are unlikely to import Russian diesel despite a temporary sanctions waiver. Banks and legal experts warn of potential investigations and financing hurdles.
Insights:
United States companies are unlikely to import 300,000 tons of fuel as a tanker idles off the East Coast. Legal and financing obstacles threaten the administration's temporary waiver on energy sanctions against Russia announced on Tuesday. The standoff highlights regulatory hurdles in routing foreign petroleum products to domestic buyers.
