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OFAC Publishes Alert Warning of Possible Evasion of the Russian Oil Price Cap

On April 17, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published an Alert warning U.S. persons about possible evasion of the price cap set on Russian-origin oil (see Update of December 5, 2022) and Russian-origin petroleum products (see Update of February 8, 2023) pursuant to Executive Order 14071.  In particular,... Continue Reading