US alters rules limiting Russian oil prices

U.S.-led coalition imposing a price cap on Russian oil announced changes to its enforcement regime, which, according to the Treasury Department, will make it even more difficult for Russian exporters to evade the cap
Reuters Wednesday, 20 December 2023

The U.S.-led coalition imposing a price cap on Russian oil announced changes to its enforcement regime, which, according to the Treasury Department, will make it even more difficult for Russian exporters to evade the cap.

"The changes will further complicate Russian exporters' efforts to circumvent the price limit by deceiving Coalition service providers, and will further raise costs for Russian exporters needing top-tier services but unwilling to sell oil below the cap," the Treasury Department said in a statement