By Maya Lester KC & Michael O’Kane

OFAC issues new guidance on oil price cap & three new GLs

Yesterday, OFAC has published a Determination pursuant to Executive Order (E.O.) 14071 to implement the price cap policy for crude oil of Russian Federation origin along with a guidance on the implementation of the price cap policy for crude oil of Russian Federation origin. OFAC has also issued 3 new Russia-related general licences which relate to the maritime transport of crude …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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