On February 1, 2024, the G7+ Coalition (consisting of the G7, the European Union, and Australia) published an Oil Price Cap (OPC) Compliance and Enforcement Alert (the “Alert”), identifying notable OPC evasion methods and recommending various methods to reduce the risk of evasion and its negative impacts.  The OPC was enacted in December 2022 in response to the Russian incursion into Ukraine and related disruptions to global oil flows and energy security.  The Alert seeks to bolster legitimate commercial efforts to comply with the OPC and provides guidance to regulators on how to combat the innovative methods by which bad actors are attempting to circumvent it.  The G7+ Coalition is further encouraging regulators to supplement its findings and recommendations with their own detailed advisories, sector-specific guidance, and case studies.