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.
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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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Related State Acts
02 Sep 2022
United States of America: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
02 Dec 2022
United States of America: Department of Treasury bans providing services facilitating the maritime transport of Russian oil above USD 60 per barrel
03 Feb 2023
United States of America: Department of Treasury prohibits providing services facilitating the maritime transport of Russian petroleum products above USD 45 or USD 100 per barrel
16 Nov 2023
United States of America: Treasury imposes sanction on additional maritime companies for carrying Russian crude oil above the price cap
01 Dec 2023
United States of America: Treasury imposes sanction on several maritime companies for carrying Russian crude oil above the price cap
20 Dec 2023
United States of America: Treasury imposes sanction on four maritime companies for carrying Russian crude oil above the price cap
26 Apr 2024
United States of America: US lifts sanctions on a Turkish ship operator previously accused of carrying Russian crude oil above the established price cap
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