U.S. Department of the Treasury — Price cap on Russian oil (US$60/bbl crude)
U.S. Department of the Treasury (OFAC)
Source profile
- Type: Official government / regulator
- Access / format: Official web page (HTML)
- Machine-readable: No — manual read
- Update cadence: unknown
- Used for: sanctions, Russia, energy, oil, price cap, U.S. Treasury, OFAC, G7
Original source first: for the authoritative value, go to U.S. Department of the Treasury (OFAC) ↗; cite Warconomy for the structured, dated overview. See how to cite, source health, and the source hierarchy.
Source details
How Warconomy uses this source
Official U.S. Treasury / OFAC source of record for the U.S./G7 (Price Cap Coalition) price cap on seaborne Russian-origin crude oil, set at US$60 per barrel effective 5 December 2022 via an OFAC Determination under Executive Order 14071. The United States continued to apply the US$60 level while the EU adopted a lower dynamic cap (US$47.6/bbl, then US$44.10/bbl from 1 February 2026); re-reviewed 5 June 2026 with no change to the U.S. US$60 level found. A policy threshold for covered services, not a market price. Manually transcribed into this repo as a static fixture; not fetched at runtime and not real-time. Scope and applicability depend on official OFAC guidance and may change; this is an economic-impact reference, not legal or compliance advice.
Citation readiness
Why
- official publisher
- backs a source-linked observation
- deep link to the specific page/series
- manually reviewed
Limitations
- manually maintained static value, not real-time
- irregular/policy cadence; re-verify against the source
- not legal or compliance advice
Citation readiness is a derived label from the source’s authority, role, and how directly it backs a maintained value — not a correctness claim.
Indicators from this source
Live/static indicators are manually maintained from cited public sources and are not real-time. Sample rows remain labeled.
| Indicator | Value | As of | Source | Confidence |
|---|---|---|---|---|
| U.S./G7 Russian crude oil price cap | 60 USD/bbllive · source-linked | December 5, 2022 | U.S. Department of the Treasury (OFAC) | High |
Facts citing this source
The U.S. Treasury reports that the G7-led Price Cap Coalition set the price cap on seaborne Russian-origin crude oil at US$60 per barrel, effective 5 December 2022, via an OFAC determination under Executive Order 14071; the United States continued to apply the US$60 level after the EU adopted a lower dynamic cap. It is a policy threshold for covered services, not a market price, and not legal or compliance advice.
Where this source is used
Review status
Event snapshot is old; review recommended before citing as current context. This source backs 1 live observation; the oldest has an asOf of December 5, 2022, giving a recommended review-by date of June 3, 2023 for its unknown cadence. Review status is a re-check signal, not a correctness claim.
How to refresh: open the cited unknownsource, confirm the latest value and date, update the observation’s value, asOf, and lastReviewed, then bump the site review date. See the data review queue for sitewide priorities.
Version history
This source is byte-present in 151 frozen dataset versions (v1.37.0–v1.187.0), citing 1 observation and 1 fact. Appearances are derived from committed frozen payloads only.
Full record history: records/source--us-treasury-russia-price-cap/data.json.
Relationships & machine-readable
This source backs 1 observation, 1 fact, and appears in 3 provenance records. See the source JSON (includes a source relationship graph), the per-record provenance export, and the source health checklist.
Limitations
- Values referencing this source are manually maintained static fixtures, not real-time and not automatically updated.
- Figures may be revised by the publisher in later releases; review cadence depends on the source.
- Warconomy links to the publisher’s canonical page; it does not reproduce the source in full and is not affiliated with it.