EU Updates 2 Russia Sanctions FAQs on Oil Restrictions
The EU on Aug. 2 updated two of its Russia sanctions FAQs. The FAQs on the oil price cap now include a question on what oil is covered by the price cap and whether the measures apply to non-Russian oil cargo mixed with Russian oil. The bloc said that the measures do apply to Russian crude falling under CN code 2709.00 and Russian petroleum goods under CN code 2710.
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Two questions were added to the FAQs covering oil imports, one on whether a vessel can operate ship-to-ship transfers of Russian oil in EU territorial waters, including its internal waters; the other on whether a vessel can operate ship-to-ship transfers of Russian oil in the exclusive economic zone of a member state or within 12 nautical miles from the baseline of that nation's coast.