An India-based tanker company has lost its protection and indemnity insurance because it intended to transport Russian crude bought above the price cap.
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On April 17, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued an alert warning U.S. persons regarding the possible evasion of the price cap set on crude oil.
On April 17, the U.S. Office of Foreign Assets Control (OFAC) issued an alert warning about possible evasion of the price cap on Russian-origin oil. Specifically, OFAC is aware of.
On April 17, 2023, the United States Treasury Department’s Office of Foreign Assets Control (OFAC) issued an alert warning U.S. persons about possible evasion of the price cap on.