In this episode, Global Head of Regulatory & Tax Aki Corsoni-Husain, and guest expert Ray-Shio Ho from Reed Smith in London explore the oil and gas sanctions currently in place on Russia following the war in the Ukraine in 2022.  Key takeaways: Providing listeners with a round up and overview of current energy-sector related sanctions on Russia.Understanding whether there is global consensus on the oil price cap and whether it has achieved its objectives.Outlining plans for development in the offshore sanctions landscape and how they prohibit the purchase or import of Russian oil and alignment on the price cap coalition rules.Understanding the general attitude of offshore regulators in relation to complex corporate structures in the oil and gas sector when involving entities incorporated in their jurisdiction.Focussing on Gazprom as Russia’s largest gas producer and outlining the sanctions it now subject to as a group.Exploring what constitutes “reasonable due diligence” of structures and understanding the controlling mind or operations of the company, in particular when applying for sanctions licences.