UK Extends Deadline for Attestations Under Russia Oil Services Ban

The U.K. on March 8 announced it has extended the deadline for providing additional attestations or itemized ancillary costs under its Russian oil services ban from 28 to 30 days. The change was included as part of the Office of Financial Sanctions Implementation's guidance on the maritime services ban and oil price cap. Under this guidance, OFSI said its attestation process requires different players in the oil supply chain to provide different levels of evidence that the oil they are trading is below the price cap.