Russian Oil and Petroleum Products: mailbox sanctions oil contracts closes as of June 16, 2023

In June 2022 the European Union (EU) adopted a sixth package of sanctions that, among other things, prohibits the purchase, import and transfer of crude oil and certain petroleum products by sea from Russia to the EU. For the transition period until February 5, 2022, contracts could be sent to a special mailbox. This mailbox is now no longer necessary, and therefore it will be closed as of June 16, 2023.