questionText: To ask the Chancellor of the Exchequer, what steps she is taking to ensure UK insurers and other maritime service providers verify compliance with the oil price cap for shipping contracts involving vessels potentially linked to Russia’s shadow fleet.
answerText: HM Treasury’s Office of Financial Sanctions Implementation (OFSI) supports industry in complying with the Oil Price Cap. On 16 February 2024, OFSI issued updated industry guidance (UK Maritime Services Ban and Oil Price Cap Industry Guidance). OFSI also c...
heading: Shipping: Russia