US lifts sanctions on Yasa tanker after company appeal over price cap action

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US lifts sanctions against Turkish tanker for violating oil price cap

The US Treasury has lifted sanctions against a Turkish-registered company, Ice Pearl Navigation, and its owned oil tanker, Yasa Golden Bosphorus, which is flying the flag of the Marshall Islands. The decision was published on the US Treasury’s Office for Foreign Assets Control (OFAC) website. The Turkish company and the oil tanker were placed on the United States sanctions list in October last year due to violations of the price cap on Russian o…