The guidance also refers to equivalent measures taking effect for petroleum products falling under HS/CN Code 2710. As these apply from 5 February 2023 and a price cap has not been determined yet, we will address them in a subsequent alert once they are announced.
This client alert is part of a series of our previous perspectives on:
- Russian Oil Price Cap
- UK Maritime Transportation and Services Ban and Oil Price Cap Guidance
- OFAC’s Guidance on G7 Price Cap
Over the past few weeks, the UK, EU and U.S. have each published and/or updated their relevant guidance on the scope and practical implementation of the price cap restrictions. Updated versions of these documents can be found as follows: