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    Home > Food News > Food Articles > Three months extension!

    Three months extension!

    • Last Update: 2022-04-18
    • Source: Internet
    • Author: User
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    According to a recently updated announcement from the U.
    S.
    Treasury Department, the U.
    S.
    will allow seafood companies to continue importing from Russia until June 23 for Russian seafood ordered before March 25, before being banned .
     
    Many orders for products such as Russian king crab or snow crab have already been paid for, at a time when those shipments would not be able to ship to the United States,according to U.
    S.
    seafood
    operators .
    Now, U.
    S.
    seafood companies have more time to import products from Russia
    .
     
    In wording in the update, the U.
    S.
    Treasury Department appeared to give U.
    S.
    seafood companies leeway for products that U.
    S.
    seafood companies had already ordered from Russia, and indicated that some imports could still be cleared even after June 23
    .
     
      The U.
    S.
    said it would also provide a general license related to Russia "authorizing the importation of fish, seafood and their products for a limited period of time under a pre-existing written contract or agreement
    .
    "
     
      The U.
    S.
    Treasury Department said OFAC can also issue licenses for shipments past the deadline "on a case-by-case basis.

    "
     
      In 2021, Russia's direct seafood exports to the United States will be nearly 1.
    2 billion US dollars (1.
    1 billion euros), with an increase of 12% in volume and 34% in value
    .
    Russia is the eighth largest direct exporter of U.
    S.
    seafood, with about 80 types of seafood exported to the U.
    S.
    , the main products being snow crab, king crab and cod
    .
    18,799 tonnes in 2021 valued at $509.
    2 million and frozen red king crab at 8,486 tonnes valued at $419.
    7 million
    .
    US seafood imports
     
    Many orders for products such as Russian king crab or snow crab have already been paid for, at a time when those shipments would not be able to ship to the United States,   according to U.
    S.
    seafood
    operators .
    Now, U.
    S.
    seafood companies have more time to import products from Russia
    .

    seafood
     
      In wording in the update, the U.
    S.
    Treasury Department appeared to give U.
    S.
    seafood companies leeway for products that U.
    S.
    seafood companies had already ordered from Russia, and indicated that some imports could still be cleared even after June 23
    .
     
      The U.
    S.
    said it would also provide a general license related to Russia "authorizing the importation of fish, seafood and their products for a limited period of time under a pre-existing written contract or agreement
    .
    "
     
      The U.
    S.
    Treasury Department said OFAC can also issue licenses for shipments past the deadline "on a case-by-case basis.

    "
     
      In 2021, Russia's direct seafood exports to the United States will be nearly 1.
    2 billion US dollars (1.
    1 billion euros), with an increase of 12% in volume and 34% in value
    .
    Russia is the eighth largest direct exporter of U.
    S.
    seafood, with about 80 types of seafood exported to the U.
    S.
    , the main products being snow crab, king crab and cod
    .
    18,799 tonnes in 2021 valued at $509.
    2 million and frozen red king crab at 8,486 tonnes valued at $419.
    7 million
    .
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