UK legislation has been laid today (3rd November 2022) introducing a ban on UK ships and services facilitating the maritime transport of Russian crude oil from 5th December 2022.
The new legislation will prevent countries from using the UK’s services to transport Russian oil unless it is purchased at or below the Oil Price Cap set by the Price Cap Coalition of the G7 and Australia.
https://www.gov.uk/government/news/uk-government-bans-services-enabling-the-transport-of-russian-oil
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While you are here you may be interested in some Strong & Herd LLP training courses & live clinics related to this topic:
Introduction to Export Licensing
Embargoes Sanctions and End-Use Controls
Applying for UK Export Licences
Preparing for an Export Control Audit
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