The US Department of Finance issued general licenses for conducting operations for the supply of crude oil from Russia to Japan, Bulgaria, Croatia and the countries of the European Union.
“Report” reports that Bulgaria, Croatia or landlocked member countries of the European Union are also allowed to carry out all operations related to the import of crude oil.
The supply of crude oil to Japan will be allowed from the Sakhalin-2 project: all operations related to the sea transportation of crude oil produced at the Sakhalin-2 project are allowed until September 30, 2023, provided that the production of Sakhalin-2 the product should be fully imported to Japan”.
In addition, American individuals and legal entities are allowed to provide certain services for the transportation of Russian oil by sea in exchange for the purchase of Russian oil at marginal or lower prices.
This decision comes into force on December 5. The Ministry of Finance also announced that they intend to publish instructions on the implementation of measures related to the upper limit of oil prices from Russia in the near future.