HomeNews listOBJECTIVE PRESSU.S. Treasury Dept. Issues Warning About Buying Russian Crude Above Price Cap

U.S. Treasury Dept. Issues Warning About Buying Russian Crude Above Price Cap

  • April 18, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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The U.S. Treasury Department has published a warning to U.S. companies about possible evasion of a price cap on exported Russian oil, pointing specifically to oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia. The department’s Office of Foreign Assets Control (OFAC) said on April 17 it was aware of reports that ESPO and other crude-oil exports may be trading above the $60-per-barrel price cap imposed by Western countries. OFAC issued an alert addressing possible price cap evasion, naming Kozmino…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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