Financial Crime Financial Crime

Oil price cap plan takes center stage during US Senate panel hearing on Russia sanctions

By Samuel Rubenfeld
  • 20 Sep 2022 17:43
  • 20 Sep 2022 18:09
A plan to cap the price of Russian oil was the focus of a Senate committee hearing today, with top officials testifying about measures imposed in response to Moscow’s invasion of Ukraine.

Russia’s oil exports represent the country’s primary source of hard currency, and Moscow is reaping profits from high commodity prices,

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