Clifford Chance
Refueled: Price Cap Coalition Issues New Advisory Focused on Sanctions Evasion
October 23, 2024
After a period of quiet, the Price Cap Coalition issued new guidance on October 21, 2024 with an Advisory "concerning specific best practices for private sector actors involved in the maritime trade of crude oil and refined petroleum products, as well as government stakeholders." The Advisory, in addition to adding four new recommendations, provides guidance on preventing sanctions evasion and steps for enhancing compliance with the price caps on crude oil and petroleum products of Russian Federation origin.
Download PDFRelated Papers
-
Adding Fuel To The Price Cap Guidance
2 January 2023 -
All Together Now: OFAC Issues Combined Price Gap Guidance
7 February 2023
