US Warns on Compliance With G7 Cap as Prices Rise

摘要

The sanctions enforcement arm of the US Treasury is warning companies not to violate the G7 price cap on Russian oil, as higher global oil prices increasingly push Russia's exports toward and above the $60 per barrel limit. The US Office of Foreign Assets Control (Ofac) issued an "alert to warn US persons about possible evasion of the price cap on crude oil of Russian Federation origin." The announcement singled out Russia's Pacific oil trade - where prices are typically higher than for the main Urals grade - as particularly problematic.