Russia: Oil
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether his Department plans to expand penalties for sanctions evasion by banning maritime services for vessels used to transport Russian crude oil without complying with the price cap.
Answered by Stephen Doughty
With the implementation of the maritime transportation and associated services ban, the UK, along with G7 partners, banned the provision of services that facilitate the maritime transportation of Russian oil. The Oil Price Cap (OPC) exemption permits UK services to be available to third country importers and exporters only where the price paid for Russian oil is at or below the relevant price cap.
Where Russia has sought to circumvent those sanctions, we have taken robust action; since July 2024 we have sanctioned 129 shadow fleet oil tankers. We continue to step up our efforts, working closely with partners, to ensure our sanctions' effectiveness.
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