The EU and US impose a price cap on Russian petroleum products | Perspectives & Events
Written by Black Hot Fire Network on February 10, 2023
Following a decision by The Price Cap Coalition of the G7, the European Union and Australia, the European Union introduced a price cap on Russian petroleum products on 4 February 2023.1 The United States (“US”) issued its own guidance documents on the price cap on Russian petroleum products on 3 February 2023.2 This price cap entered into force on 5 February 2023 covering specific petroleum products traded at a discount or at premium to crude oil, such as jet . . .
