{"id":695,"date":"2024-08-23T05:49:55","date_gmt":"2024-08-23T09:49:55","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=695"},"modified":"2024-08-23T05:49:55","modified_gmt":"2024-08-23T09:49:55","slug":"united-kingdom-12-oil-price-cap-investigations-by-ofsi","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/08\/23\/united-kingdom-12-oil-price-cap-investigations-by-ofsi\/","title":{"rendered":"United Kingdom &#8211; 12 oil price cap investigations by OFSI"},"content":{"rendered":"<p>It is being reported (<a href=\"https:\/\/www.tradewindsnews.com\/law\/multiple-uk-oil-price-cap-probes-yet-to-yield-single-fine-despite-fears-of-regular-sanctions-busting\/2-1-1695444\">here<\/a> albeit behind a paywall), that as of April 2024 the UK&#8217;s Office of Financial Sanctions Implementation (OFSI) had twelve ongoing investigations relating to possible breaches of the oil price cap imposed as part of the UK&#8217;s sanctions against Russia.<\/p>\n<p>The information comes from a Freedom of Information Act request made by the publication\u00a0<em>Trade Winds<\/em>. The response is not available on OFSI&#8217;s website.<\/p>\n<p>OFSI is also reported to have confirmed that 9 of the twelve investigations were discontinued in April 2024 with no further action taken.<\/p>\n<p>No information was provided on the current status of the other three investigations that were live in April, or whether any further investigations have been commenced since April.<\/p>\n<p>As <a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/05\/13\/united-kingdom-ofsi-has-ongoing-oil-price-cap-investigations\/\">noted in our previous post from<\/a> May, at that stage HM Treasury had stated that it &#8220;a number of investigations&#8221; then ongoing into alleged oil price cap breaches.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is being reported (here albeit behind a paywall), that as of April 2024 the UK&#8217;s Office of Financial Sanctions Implementation (OFSI) had twelve ongoing investigations relating to possible breaches of the oil price cap imposed as part of the UK&#8217;s sanctions against Russia. The information comes from a Freedom of Information Act request made &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/08\/23\/united-kingdom-12-oil-price-cap-investigations-by-ofsi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;United Kingdom &#8211; 12 oil price cap investigations by OFSI&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,70],"tags":[18,34,9],"ppma_author":[7],"class_list":["post-695","post","type-post","status-publish","format-standard","hentry","category-79","category-infrastructure-and-transport","tag-russia","tag-trade-sanctions","tag-united-kingdom"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=695"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/695\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=695"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}