On February 9, 2024, UK authorities amended General License INT/2022/2469656, issued under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, to extend the expiration date for the provision of certain finance and broker services under the Oil Price Cap policy until February 18, 2024. The Oil Price Cap policy generally permits the maritime shipment of Russian crude oil, oil products, petroleum products and the provision of related services to third countries, or from one third country to another, as long as the Russian oil, oil products or petroleum products are sold at or below the established price cap.
General License INT/2022/2469656 – Oil Price Cap | General License INT/2022/2469656 – Publication Notice