Emergency Contact Price Cap on Russian Oil - Podcast Home Latest updates News Price Cap on Russian Oil - Podcast 10 Jan 2023 Download Sign up for alerts Following the IG Circular issued on our website on 9 December 2022 , the Club’s Legal Team has recorded this podcast to provide Members with a snapshot of the Price Cap on Russian oil that came into effect on 5 December 2022. An explanation of the purpose of the cap; The level of the cap and how this will be reviewed; How the cap will work in practice; Consequences of failure to comply; Emergency response scenarios; and Blending. We hope Members will find the content informative and helpful. Sign up for alerts Share: Back to top