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Refined Russian oil not subject to Western sanctions — US Department of Treasury

"If it is refined in a country and then sent forward, from a sanctions perspective that is an import from the country of purchase it is not an import from Russia," Anna Morris said

NEW DELHI, April 4. /TASS/. Russian oil refined by a third party is not subject to Western sanctions from a technical perspective, acting assistant secretary for terror financing at the US Department of the Treasury Anna Morris said.

Asked about the sale to Western nations of refined products produced from Russian oil, she said that it would not breach the sanctions.

"Once Russian oil is refined, from a technical perspective it is no longer Russian oil. If it is refined in a country and then sent forward, from a sanctions perspective that is an import from the country of purchase it is not an import from Russia," Morris was quoted as saying by Reuters.

On December 5, 2022, an embargo on maritime Russian oil shipments to the European Union came into force. G7 nations, the EU and Australia agreed on a price cap for Russian oil delivered by sea, setting the ceiling at $60 a barrel. Moreover, starting February 5, 2023, similar restrictions on deliveries of petroleum products from Russia were enforced as the EU Council officially greenlighted the decision, in conjunction with the G7, to introduce a price ceiling on Russian petroleum products supplied by sea at $100 for premium oil and at $45 for discount.