US EditionU.S. Imposes Sanctions On Three Tankers And Their Owners For Shipping Russian Oil Above Price Cap
- The United States has imposed additional sanctions on three entities and three oil tankers for carrying Russian crude above the $60-per-barrel price cap, aiming to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
- The Office of Foreign Assets Control stated that the sanctions target vessels and entities that used Western maritime services while transporting Russian crude oil above the price cap, aiming to reduce Russia's oil revenues used for funding the war in Ukraine.
- The Treasury Department issued a general license authorizing limited safety and environmental transactions involving the targeted vessels until February 29.
9 Articles
9 Articles
U.S. Adds Three More Shippers to Russian Sanction List over Oil Price Cap
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added three additional companies and vessels to the sanctioned list for violations pertaining to the oil price cap set on Russian crude oil. Today’s inclusion marks the eighth action taken to enforce the crude oil price cap. Of the three entities sanctioned on Friday, two companies are based in the United Arab Emirates: Sterling Shipping Incorporated and S…
U.S. Imposes Sanctions On Three Tankers And Their Owners For Shipping Russian Oil Above Price Cap
The United States on December 1 imposed additional sanctions related to the price cap on Russian oil agreed by the Group of Seven, the European Union, and Australia to curtail Russia’s revenue from seaborne oil shipments.
US sanctions three companies that help Russia circumvent oil price cap
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions on Dec. 1 against three shipping companies for transporting Russian oil above the $60 price cap imposed by the U.S. and its allies. Two of the three companies, Sterling Shipping Inc. and Streymoy Shipping Limited, are registered in the United Arab Emirates, and the third, HS Atlantica Limited, is based in Liberia. Can Russia afford to commit to a years-lon…
US imposes fresh sanctions over shipment of Russian oil above price cap
By Daphne Psaledakis and Timothy Gardner WASHINGTON (Reuters) - The United States on Friday imposed additional sanctions related to the price cap on Russian oil, targeting three entities and three oil
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