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Foreign countries, including Russia, benefit from WWI-era Jones Act

By Jeremy Lott

Published March 4, 2022 4:00am ET

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Foreign countries, including Russia, benefit from WWI-era Jones Act — Since the Russian army’s Feb. 24 invasion of Ukraine, the United States has done everything it can diplomatically to punish the Russian incursion, with one colossal petrochemical exception. Sanctions have been leveled, and international banks have frozen the accounts of Russian officials. Many state funds have divested of Russian assets. Countless exchanges of goods and […]

Since the Russian army’s Feb. 24 invasion of Ukraine, the United States has done everything it can diplomatically to punish the Russian incursion, with one colossal petrochemical exception.

Sanctions have been leveled, and international banks have frozen the accounts of Russian officials. Many state funds have divested of Russian assets. Countless exchanges of goods and services between Russian and American businesses have been forcibly ground to a halt by law. However, energy has been mainly left alone.

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Alaska Jones Act Massachusetts Natural Gas Oil ports Regulations Russia Russia-Ukraine War ships Transportation