AA
A
A

Advisory on the G7's Price Cap Policy for Crude Oil of Russian Federation Origin

Advisory on the G7's Price Cap Policy for Crude Oil of Russian Federation Origin

On 2 September 2022, the G7 Finance Ministers (comprising Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States (“US”)) announced their joint intention to implement a prohibition on the supply of services which enable the maritime transportation of crude oil and petroleum products originating from the Russian Federation, unless those crude oil and petroleum products are purchased at or below a set price (the “Price Cap Policy”). Since then, the European Union and Australia have announced their intention to join in the implementation of the Price Cap Policy.

Please click here for the full advisory.


Unable to get older articles due to a blank published date.
add HOME ABOUT US TRADE INDUSTRIES PARTNERSHIPS NEWSROOM RESOURCES CAREERS
Contact Us Feedback