By Maya Lester KC & Michael O’Kane

OFAC publishes Russia sanctions FAQ on upcoming oil price cap

OFAC yesterday published FAQ 1094 concerning the upcoming price cap on Russian oil (previous post and post). Notice. According to OFAC: Russian-origin crude oil that is loaded onto a vessel at the port of loading for maritime transport before 12:01am (EST) on 5 December 2022 is not subject to the price cap, provided that the oil is unloaded at the …

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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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