The ship owner company SUN Ship Management from the UAE, owned by the authorized Russian Sovcomflot, was authorized.
The United States has introduced new sanctions for violating the price ceiling when trading oil from Russia. The US Treasury announced this on Wednesday, December 20.
“Today, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) continued to strengthen its enforcement of the price cap on Russian oil, building on previous actions targeting ship owners and vessels -sea involved in the transportation of Russian crude oil at prices above the cap,” it said.message.
Deputy Treasury Secretary Wally Adeyemo said the new sanctions show the US’s commitment to maintaining price cap policies that advance the goals of maintaining stable energy markets while reducing Russia’s revenue to finance the war. its against Ukraine.
The United States today imposed sanctions on United Arab Emirates-registered ship owner SUN Ship Management, which is owned by sanctioned Russian state-owned fleet operator Sovcomflot.
Also subject to restrictions:
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Bellatrix Energy Limited (Hong Kong);
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Covart Energy Limited (Hong Kong);
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Voliton DMCC company (UAE).
As you know, in December 2022, Western countries set the upper price limit for sea exports of Russian oil at $60 per barrel. The sanctions also prohibit Western companies from providing services for transporting oil from the Russian Federation at a price above the ceiling.
This restriction forced Russia to redirect oil sales to China and India, as well as to create a “shadow fleet” of tankers.
A few months ago, the US Treasury began imposing sanctions for violating the price ceiling on Russian oil.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.