Implementation of the Russian Oil Price Cap and Key Compliance Considerations

June 8, 2023 - Policy Alerts

As the Russian invasion of Ukraine continues, so too does Russia’s isolation from the West. Member nations of the Group of Seven (“G7”)—the United States (“U.S.”), Canada, France, Germany, Italy, Japan, and the United Kingdom (“UK”)— and Australia continue to wage an unprecedented multilateral economic pressure campaign that is marked by broad sanctions to punish Russia’s government and restrict its access to global markets, technology, and financial sources, ultimately for purposes of weakening Russia’s ability and will to continue its war of aggression in Ukraine.

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