By Maya Lester KC & Michael O’Kane

UK adopts Russian oil products price caps

A ban on the maritime transport of Russian refined oil products and the provision of related services came into force yesterday (5 February 2023), and with it $100 and $45 price cap exceptions, as coordinated by the G7, EU and Australia. The ban applies to the maritime transport of Russian oil products from Russia to a third country, or between …

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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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