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OFAC Imposes First Sanctions for Russian Oil Price Cap Violations | K&L Gates LLP

For the first time, on 12 October 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on vessels and their owners for breaching the price.

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Sanctions on Russian Crude Oil from OFAC

Sanctions on Russian Crude Oil from OFAC
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OFAC Sanctions Foreign Vessels as Specially Designated Nationals

OFAC Sanctions Foreign Vessels as Specially Designated Nationals
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Further step in US government enforcement of price cap on Russian oil

OFAC issues a new ''Advisory for the Maritime Oil Industry and Related Sectors'' publication on price cap related sanctions

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OFAC Issues New Russian Oil Price Cap Advisory and Sanctions Entities Transporting Oil Sold Above the Price Cap | Seward & Kissel LLP

On October 12, 2023, OFAC released an Advisory for the Maritime Oil Industry and Related Sectors: Best Practices in Response to Recent Developments in the Maritime Oil Trade on behalf.

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