Further step in US government enforcement of price cap on Russian oil
OFAC issues a new ''Advisory for the Maritime Oil Industry and Related Sectors'' publication on price cap related sanctions
Source: seatrade-maritime.com
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OFAC Issues New Russian Oil Price Cap Advisory and Sanctions Entities Transporting Oil Sold Above the Price Cap | Seward & Kissel LLP
On October 12, 2023, OFAC released an Advisory for the Maritime Oil Industry and Related Sectors: Best Practices in Response to Recent Developments in the Maritime Oil Trade on behalf...
Source: jdsupra.com
Ukraine update: Moscow mounts heavy attacks in Donetsk; US imposes first sanctions over Russian oil price-cap violations
Russia was mounting the biggest attack on Avdiivka in the eastern Donetsk region since its invasion of Ukraine started, a city official said.
Source: dailymaverick.co.za
Oil prices: Crude futures rise after U.S. tightens sanctions on Russia
Oil prices on Friday rose more than 4% after the U.S. tightened sanctions against Russian crude exports.
Source: cnbc.com
US sanctions tanker owners in 1st Russian price cap penalties
The U.S. on Thursday imposed the first sanctions on owners of tankers carrying Russian oil priced above the G-7's price cap of $60 a barrel, one in...
Source: dailysabah.com