Price Cap on Russian Oil – Podcast

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
  • Blending.

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.