Written Question·Treasury·UIN 47568
Oil: Exports
Tabled: 23 April 2025
Answered: 28 April 2025
Question
Helen Maguire
Liberal Democrat — Epsom and Ewell
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing a requirement for maritime insurers to verify with bank statements whether the oil price for Russian exports was paid below the price cap.
Answer
Emma ReynoldsThe UK, alongside G7+ Oil Price Cap (OPC) Coalition partners, keeps the efficacy of the OPC under constant review, whilst working closely with industry to aid compliance and ensure that any changes to the measure are implementable – as evidenced by the Fe...
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