; (B) financing; (C) shipping; (D) insurance, including reinsurance and protection and indemnity; and (E) flagging; and customs brokering. (6) The economies of G7 countries, member states of the European Union, and Australia. (c) Appropriate congressional committees defined In this section, the term appropriate congressional committees means— (1) the Committee on Foreign Relations and the Committee on Energy and Natural Resources of the Senate; and (2) the Committee on Foreign Affairs and the Committee on Energy and Commerce of the House of Representatives. (d) Sunset The date described in this subsection is the earlier of the following: (1) The date that is 3 years after the date of enactment of this Act. (2) The date on which the Russian oil price cap policy ceases to be in effect. 4. Imposition of sanctions (a) In general Not later than 180 days after the date of the enactment of this Act, the President shall, pursuant to subsection (b), block the assets of any foreign person that the President determines is a foreign vessel that knowingly transports Russian oil in contravention of the Russian oil price cap policy. (b) Asset blocking Notwithstanding the requirements of section 202 of the International Emergency Economic Powers Act ( 50 U.S.C. 1701 ), the President may exercise all powers granted to the President by that Act to the extent necessary to block and prohibit all transactions in all property and interests in property of the foreign person if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (c) Exceptions (1) Exception for certain government entities Sanctions under this section shall not apply with respect to a vessel registered under the jurisdiction of— (A) a member country of the European Union; (B) Australia