The European Commission is issuing an alert to warn about circumvention risks in relation to the price caps on crude oil and petroleum products of Russian origin. This concerns Urals as well as the Eastern Siberia Pacific Ocean (ESPO) crudes exported from the eastern coast of the Russia Federation.
EU compliance alert on the G7+ Oil Price Cap
Related links
Sanctions adopted following Russia’s military aggression against Ukraine
Details
- Publication date
- 17 May 2024
- Author
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union