Written Question·Treasury·UIN 49279

Oil: Russia

Tabled: 29 April 2025

Answered: 8 May 2025

Question

Helen Maguire

To ask the Chancellor of the Exchequer, whether her Department has detected any ship-to-ship transfers in British waters that have enabled Russia to evade the price cap on exported oil since December 2022.

Answer

Emma Reynolds

The Office of Financial Sanctions Implementation (OFSI) in HM Treasury is responsible for the implementation of the Oil Price Cap (OPC). Whilst I cannot comment on individual instances of evasion of the OPC due to the sensitivity of that information, Brit...

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