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Sanctions Tankers and Gas Risk and Compliance

Oil price cap set to be lowered again to $44 but full embargo remains on the table

  • The Russian oil price will be lowered from $47.6 to $44 a barrel in January
  • EU is pushing for a full maritime services ban before February
  • US will not engage further with ‘Biden’s’ price cap, but a full embargo could be supported

  • News

If a peace deal is not imminently agreed, the next EU sanctions move is likely to see a full maritime services ban shutting down all finance and insurance to Russian energy shipping and it may also come with US support

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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