Tagged: Price Cap

Finding Safe Harbors Under OFAC’s Price Cap Regulations (Part III of IV)

Finding Safe Harbors Under OFAC’s Price Cap Regulations (Part III of IV)

The Biden Administration recognizes that the Russian Price-Cap Policy imposes serious burdens on U.S. energy companies and industries that provide ancillary services to the energy sector.  It is even more complicated given the EU framework and another set of guidance related to the oil price cap.  To ameliorate this burden, OFAC has set out detailed guidance on regulatory “safe harbors” for organizations and individuals affected...