In the US, the Office of Foreign Assets Control sent unprecedented notices to ship management companies in 30 countries last Friday. Reuters reported on Monday that the US Treasury Department had requested information on 100 vessels suspected of violating Western sanctions on Russian oil.
This is the largest such move by the United States since Washington and its allies introduced a price cap to limit Moscow’s oil revenues.
The US Treasury does not comment on this information. However, the Treasury spokesman said it was committed to enforcing price caps to reduce Russian resources that the Kremlin is using for its war against Ukraine.
In December 2022, the most developed countries – the G7, the European Union and Australia – set a cap of $60 per barrel on Russian oil exported by sea. The restrictions include a ban on Western companies, in particular, transporting and insuring oil sold at a price above the established limit.
Last month, the United States imposed sanctions on the owners of two tankers that transported Russian oil at prices above the ceiling. It was the first significant increase in measures announced by the US, EU and Australia in December 2022 to punish Russia for its large-scale military intervention in Ukraine, according to Reuters.
2023-11-13 19:58:31
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