the appropriate congressional committees 
that the government of that country is pro-
viding significant economic or military sup-
port to the Government of Ukraine. 
(ii) RENEWAL
REQUIRED.—The au-
thority to apply the exception under clause 
(i) with respect to a country shall expire if 
the President does not certify, not later 
than 180 days after the date of the enact-
ment of this Act, and every 180 days 
thereafter, that the government of the 
country is providing significant economic 
or military support to the Government of 
Ukraine. 
(D) TEMPORARY
PORT-SPECIFIC
EXCEP-
TIONS.— 
(i) IN GENERAL.—During the period 
beginning on the date of the enactment of 
this Act and ending on the date that is 
270 days after such date of enactment, the 
President may apply an exception to the 
application of sanctions under subsection 
(a) for the purchase or the importation 
into any country of crude oil or petroleum 
products of Russian Federation exported 
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from specific Russian Federation ports if 
the President submits to the appropriate 
congressional committees a report pro-
viding a justification for the exception. 
(ii) LIMITATION.—An exception ap-
plied under clause (i) may not cover, at 
any time, ports that are estimated to have 
cumulatively accounted for more than half 
of the oil export capacity of the Russian 
Federation in 2024. 
(3) SANCTIONS RELATED TO CRUDE OIL AND 
PETROLEUM
PRODUCTS
SOLD
ABOVE
PRICE
CAP 
WITHOUT REGARD TO GROUP OF 7 NEXUS.— 
(A) IN
GENERAL.—Any exception de-
scribed in paragraph (2) that the President ap-
plies to the requirement to impose sanctions 
under subsection (a) shall not apply with re-
spect to an activity described in subparagraph 
(B) if the activity facilitates the maritime 
transport of crude oil or petroleum products of 
Russian Federation origin purchased for an 
amount greater than the relevant price cap de-
termined by the Secretary of the Treasury for 
crude oil or petroleum products of Russian Fed-
eration origin. 
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(B) ACTIVITIES DESCRIBED.—The activi-
ties described in this subparagraph are trans-
porting, trading or commodities brokering, fi-
nancing, shipping, insuring, flagging, or cus-
toms brokering related to the purchase or im-
portation of crude oil or petroleum products of 
Russian Federation origin. 
(C) APPLICABILITY
TO
SERVICE
PRO-
VIDERS BASED OUTSIDE OF GROUP OF 7 COUN-
TRIES.—Subparagraph (A) applies without re-
gard to whether the person engaging in an ac-
tivity described in subparagraph (B) is orga-
nized under the laws of or otherwise subject to 
the jurisdiction of a country that is a member 
of the Group of 7. 
(d) SUNSET.—The provisions of this section, and any 
sanctions imposed under this section, shall terminate on 
the date that is 5 years after the date of the enactment 
of this Act. 
(e) DEFINITIONS.—In this section: 
(1) AGRICULTURAL
COMMODITY.—The term 
‘‘agricultural commodity’’ has the meaning given 
such term in section 102 of the Agricultural Trade 
Act of 1978 (7 U.S.C. 5602). 
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(2) APPROPRIATE
CONGRESSIONAL
COMMIT-
TEES.—The term ‘‘appropriate congressional com-
mittees’’ means— 
(A) the Committee on Banking, Housing, 
and Urban Affairs and the Committee on For-
eign Relations of the Senate; and 
(B) the Committee on Foreign Affairs and 
the Committee on Financial Services of the 
House of Representatives. 
(3) DEFENSE ARTICLE.—The term ‘‘defense ar-
ticle’’ has the meaning given that term in section 47 
of the Arms Export Control Act (22 U.S.C. 2794). 
(4) FOREIGN PERSON.—The term ‘‘foreign per-
son’’ means an individual or entity that is not a 
United States person. 
(5) KNOWINGLY.—The term ‘‘knowingly’’, with 
respect to conduct, a circumstance, or a result, 
means that a person had actual knowledge, or 
should have known, of the conduct, the cir-
cumstance, or the result. 
(6) MEDICAL DEVICE.—The term ‘‘medical de-
vice’’ has the meaning given the term ‘‘device’’ in 
section 201 of the Federal Food, Drug, and Cos-
metic Act (21 U.S.C. 321). 
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(7) MEDICINE.—The term ‘‘medicine’’ has the 
meaning given the term ‘‘drug’’ in section 201 of the 
Federal Food, Drug, and Cosmetic Act (21 U.S.C. 
321). 
(8) 
UNITED
STATES
PERSON.—The 
term 
‘‘United States person’’ means— 
(A) a United States citizen or an alien law-
fully admitted for permanent residence to the 
United States; 
(B) an entity organized under the laws of 
the United States or any jurisdiction within the 
United States, including a foreign branch of 
such an entity; or 
(C) any person located in the United 
States. 
Æ 
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