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Price Cap Coalition Issues Enforcement Alert

OIL

The G7 price cap coalition issued an enforcement alert detailing further information on Russian oil price cap breaches, the document showed.

  • "Illicit activity could occur across multiple entities and sectors involved in the trade of Russian oil and oil products," the alert said. "Poor and insufficient compliance processes by the entities involved could lead to breaches" of the price cap.
  • See alert: https://ofac.treasury.gov/media/932571/download?inline

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