U.S. Reviews Trade Policies on Russian-Origin Products Impacting Mongolia Trade Routes
The U.S. Department of Commerce has initiated a review of trade policies concerning products of the Russian Federation under U.S. note 30(c) and 30(d) to subchapter HS codes, affecting indirect trade routes through Mongolia. This review aims to assess compliance with sanctions and tariffs.
October 10, 2023
Impact: This could lead to stricter controls or tariffs on goods transiting through Mongolia if they are found to originate from Russia, potentially increasing costs and delays for U.S.-Mongolia trade.
Mongolia Faces Challenges in U.S. Trade Due to Russian Product Sanctions
Mongolia, as a transit country for some Russian-origin goods, is facing scrutiny under U.S. trade regulations related to HS codes under U.S. note 30(c) and 30(d). The U.S. has flagged potential risks of sanction evasion through third countries.
September 15, 2023
Impact: Increased scrutiny may disrupt Mongolia’s role as a trade intermediary, potentially reducing trade volumes with the U.S. and necessitating stricter documentation and origin verification.
U.S. Customs Tightens Monitoring of Russian-Origin Goods via Mongolia
U.S. Customs and Border Protection announced enhanced monitoring of imports under specific HS codes related to Russian Federation products, as per U.S. note 30(c) and 30(d), with a focus on goods entering via Mongolia to prevent circumvention of sanctions.
August 20, 2023
Impact: This may lead to delays in customs clearance for shipments from Mongolia to the U.S., affecting trade efficiency and potentially increasing costs for businesses.
