Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many violations of the price caps on Russian oil products the Office for Financial Sanctions Implementation has (a) investigated and (b) enforced since the implementation of those caps.

OFSI takes a proactive enforcement approach and is currently undertaking a number of investigations into suspected breaches of the oil price cap, using powers under SAMLA to request information and working closely with our international partners in the G7+ Coalition.

Due to the sensitivity of ongoing sanctions enforcement casework, I cannot confirm the number of suspected oil price cap violations which are under investigation or have been enforced against by OFSI.