Newsletter 09/2022: “The Price Cap on Russian Oil – Maritime Relevance”

The current Newsletter reports on the most recent announcement that the EU, G7 and Australia (the “Price Cap Coalition”) has recently introduced legislation and guidance effective 5th December 2022 intended to maintain the supply of Russian oil to world markets whilst at the same time reducing Russia’s earnings from its oil exports (the “Price Cap Scheme”) and highlights the maritime relevance of the concrete scheme.

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