US TREASURY PRELIMINARY GUIDANCE ON RUSSIAN OIL CAP

On 9 September, the US Treasury published this guidance on the on implementation of a maritime services policy and related price exception for seaborne Russian oil. It says that the G7, EU, and the US will implement a policy with regards to a broad range of services related to the maritime transportation (called the “maritime services policy”) of Russian Federation origin crude oil and petroleum products.

https://home.treasury.gov/system/files/126/cap_guidance_20220909.pdf

https://www.europeansanctions.com/2022/09/us-preliminary-guidance-on-upcoming-maritime-services-ban-oil-price-cap/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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