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Global Trade Alert

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United States of America: Department of Treasury bans providing services facilitating the maritime transport of Russian oil above USD 60 per barrel

Description

On 2 December 2022, the U.S. Department of Treasury prohibited American entities from providing insurance, trade finance, and other related services to third-country entities if they trade Russian sea...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

05 Dec 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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