Publication of Alert on Possible Evasion of the Russian Oil Price Cap

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published an alert, “Possible Evasion of the Russian Oil Price Cap,” to warn U.S. persons about possible evasion of the price cap on crude oil of Russian Federation origin, particularly involving oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports on the eastern coast of the Russian Federation.