U.S. Authorizes Firms To Provide Services To Russian Oil Trade ...Middle East

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U.S. Authorizes Firms To Provide Services To Russian Oil Trade
U.S. persons are allowed to provide certain services relating to the maritime transportation of Russian oil as long as said crude oil is purchased at or below the price cap expected to be announced shortly, according to new guidance from the U.S. Treasury.     The new price cap policy guidance, issued late on Tuesday, sheds more light on the so-called price cap mechanism, how it will apply, and who will be affected. The guidance, as well as several general licenses for certain exemptions, were issued by the Office of Foreign…

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