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Treasury Offers Maritime Cos. Guidance On Russian Oil Cap

By Danielle Ferguson (September 12, 2022, 4:59 PM EDT) -- The U.S. Department of the Treasury has issued high-level overview guidance for maritime service providers to purchase Russian oil at or below a price cap without risking sanctions as part of a multinational effort to keep oil flowing through the global economy while reducing the revenues Russia earns from oil to fuel its war efforts in Ukraine....

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