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Current as of June 29, 2023 - This update discusses the May 19, 2023 and subsequent actions taken by the U.S. Department of the Treasury’s Office of Foreign Assets Contro...
On December 7, 2022, the United States, along with the EU and other G7 nations, imposed a price cap of $60 per barrel on crude oil of Russian Federation origin (“Russian oil”),...
![[UPDATED] OFAC Publishes Determinations And Guidance On Implementing The Price Cap Policy For Russian Crude Oil And Petroleum Products - Export Controls & Trade & Investment Sanctions - Vimarsana News](https://vimarsana.com/images/vimarsana-bigimage.jpg)
On November 22, 2022, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) published a determination targeting Russian-origin crude oil pursuant to section 1(a)(ii) of Executive Order 14071...
This update addresses the full implementation of the price cap policy for crude oil and petroleum products of Russian origin by the U.S. Department of the Treasury’s Office of Foreign...
In this blog post, we update our earlier post regarding OFAC’s determination and guidance on implementing the price cap policy for Russian crude oil…