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Office of Financial Sanctions Implementation

Oil Price Cap Update: Refined Products

Posted by: OFSI, Posted on: 2 February 2023 - Categories: OFSI Blog

The UK and our allies have introduced some of the broadest and most severe sanctions against Russia that any country has ever faced. In alignment with our coalition partners, we have banned the import of Russian oil and oil products …

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OFSI helps ensure financial sanctions are properly understood, implemented and enforced in the United Kingdom. This includes the Oil Price Cap on Russian oil.

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