The U.S.-led coalition imposing a price cap on Russian oil announced changes on Wednesday to its compliance regime that the Treasury Department said will make it harder for Russian exporters to bypass the cap.

“These changes will further complicate efforts by Russian exporters to circumvent the price cap while deceiving Coalition service providers, and further raise costs for any Russian exporters that need premier services but are unwilling to sell oil under the cap,” the Treasury Department said in a statement.
Source: Reuters (Reporting by Paul Grant; editing by Rami Ayyub)