US warns against Russian oil price cap evasion ...News

Washington's sanctions watchdog claims some crude exports from Russia may be trading above $60 a barrel The US Treasury Department issued an alert note on Monday warning US companies about possible circumvention of the price cap on Russian oil being exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in Russia’s Far East.   The ministry’s Office of Foreign Assets Control (OFAC) suspects that some crude exports taken from the ESPO and shipped through Pacific ports, particularly Kozmino, may be trading above the Western price cap imposed last year.    In December, the EU, G7, and allied coun

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