Following the IG Circular issued on our website on 9 December 2022, the Club’s Legal Team has recorded this podcast to provide Members with a snapshot of the Price Cap on Russian oil that came into effect on 5 December 2022.
- An explanation of the purpose of the cap;
- The level of the cap and how this will be reviewed;
- How the cap will work in practice;
- Consequences of failure to comply;
- Emergency response scenarios; and
We hope Members will find the content informative and helpful, but we also encourage Members to continue to look at our dedicated Ukraine conflict webpage for further updates.