STATEMENT OF THE G7 AND AUSTRALIA ON PRICE CAPS FOR SEABORNE RUSSIAN-ORIGIN PETROLEUM PRODUCTS

On 3 February, a Statement (dated 4 February) said that members of the Price Cap Coalition reached consensus on the maximum prices for seaborne Russian-origin petroleum products.  This follows the G7 Finance Ministers Statement on 2 September and the Coalition Statement on 2 December 2022 on a price cap for seaborne Russian-origin crude oil.  The Price Cap Coalition is composed of Australia, Canada, the EU, France, Germany, Italy, Japan, the UK, and the US.

https://home.treasury.gov/news/press-releases/jy1247

https://mondovisione.com/media-and-resources/news/statement-of-the-g7-and-australia-on-price-caps-for-seaborne-russian-origin-petr/

https://www.buymeacoffee.com/KoIvM842y

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 View all posts by raytodd2017