Global Trade Alert
Global Trade Alert

United States of America: Treasury imposes sanction on entities for carrying Russian crude oil above the price cap

Announcement

12 Oct 2023

In October 2023, the Treasury Department announced sanctions on entities involved in the transportation of Russian crude oil above the price cap.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

12 Oct 2023

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 12 October 2023, the U.S. Department of Treasury imposed sanctions on two entities due to carrying Russian crude oil above the Coalition price cap. As a result of this decision, these entities have...

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