authors
Russian oil price cap
Briefing
15 December 2022
2 MIN READ
6 AUTHORS
Since 5 December 2022, UK, EU, and U.S. restrictions on the maritime transport of Russian crude oil to third countries have come into effect. This includes a ban on providing finance, brokerage, shipping, or insurance services. Only Russian crude oil bought at or below the recently announced ‘price cap’ is exempt from these restrictions.
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