Skip to main content
Page header background image

SmarTrade

OFAC Updates its Guidance on the Price Caps on Russian Oil and Russian Petroleum Products

On December 20, 2023, nearly eleven months after publishing its finalized guidance on the implementation of the twin price caps on Russian oil and Russian petroleum products, the Department of the Treasury (“Treasury”) published a revised Guidance on Implementation of the Price Cap Policy for Crude Oil and Petroleum Products of Russian Federation Origin.  The... Continue Reading