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The United States Office of Foreign Assets Control (“OFAC”) issued an Alert on April 17, 2023, warning U.S. persons about the possible evasion of the price cap imposed by the Department.

United statesPacific oceanEvasion of the russian oil price capUnited states office of foreign assets controlDepartment of treasury on russianPetroleum products of russian federal originDepartment of treasuryTorres trade lawUnited states officeForeign assets controlExecutive orderPresident bidenPrice cap policyCrude oilPetroleum productsRussian federal origin