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OFAC warns Americans about ways to circumvent Russian oil price cap

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The press service of the Office of Foreign Assets Control of the US Treasury Department issued a statement in which OFAC experts identified possible ways to circumvent the Russian oil price cap, which was previously introduced by a number of Western countries.

The document notes that Russia would use Pacific Ocean ports for this.

“Russian oil exported through Pacific Ocean ports may be traded above the established cap,” the department said, adding that such violations may be perpetrated with the support of certain “persons in the United States,” who more is, out of ignorance.

“US citizens may not know that they are supplying secret services with Russian oil purchased above the price cap,” OFAC said.

Russia’s oil exports by sea increase despite sanctions: what’s the reason

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