A ban on services related to the maritime transport of Russian-origin crude oil sold above a pre-determined price cap of $60 per barrel began on December 5, 2022, with a similar price cap ban related to other Russian-origin petroleum products expected to begin February 5, 2023, with a yet-to-be-determined price level. The United States, G7, the European Union and Australia (collectively, the Price Cap Coalition) established this extraordinary measure to limit global revenues flowing to the Russian Federation following Russia’s invasion of Ukraine in 2022, while still maintaining the Russian supply of oil to global markets.