Reuters/Carlos Garcia Rawlins
- Russia could be funneling crude to Asia above the $60 price cap, the US Treasury said on Monday.
- US companies could be unknowingly providing related services for sales above the cap.
- Russia has tried to oil sanctions, with some experts calling the price cap ineffective.
Russia could be evading the $60-per-barrel price cap on its crude, and US firms may be unknowingly facilitating the trade, according to a statement from the US Treasury.
The Office of Foreign Assets Control within the Treasury Department acknowledged reports saying that Russian crude exported through the Eastern Siberia-Pacific Ocean pipeline to Asia may have been priced above the cap, with US companies being tricked into providing services.