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US companies allowed to participate in Russian oil deals if price cap is observed

We are talking about services related to the sea transportation of Russian oil

WASHINGTON, November 23. /TASS/. US companies and individuals are allowed to engage in a number of transactions and services involving Russian oil, on the condition that the price cap is observed, the US Department of the Treasury has said.

According to documents released on Tuesday, US individuals and legal entities are authorized "to provide certain services as they relate to the maritime transport of Russian oil (the "covered services"), as long as that Russian oil is purchased at or below a certain price (the "price cap")."

These covered services are trading/commodities brokering; financing; shipping; insurance, including reinsurance and protection and indemnity; flagging; and customs brokering.

The regulations will come into force on December 5.

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