Category: z-Exclude

As of 5 December 2022, the EU, UK and US have imposed stringent prohibitions on Russian-origin oil related to trade, transportation and services. These new sanctions include: i) wide-ranging import bans on crude oil into the UK and EU; ii) bans on associated ancillary services; and, iii) a price cap of $60 per barrel, making available UK, EU and US services available to third country importers and exporters, so long as the price paid for Russian oil is below that…

Russia’s invasion of Ukraine is still ongoing – and so are retaliatory measures by the Russian government that could potentially continue to impair foreign investments in Russia or contracts concluded with Russian entities. Following up on our earlier post in March 2022 outlining the initial set of measures (see Market Insight of 14 March 2022 here), it is time for an update. As of January 2023, the course of the conflict remains unclear, so this update is intended to be a…