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The US imposed sanctions against companies that helped Russia sell oil

Dec 1, 2023

The government of the United States announced the introduction of sanctions against three companies from different countries, as well as three vessels, which participated in schemes for selling Russian oil above established price limits.


This is stated in the official notification of the Office of Foreign Assets Control (OFAC) of the US Treasury, Ukrinform reports.

"Today, OFAC imposes sanctions against three organizations and designates as blocked property three vessels that used the services of the Price Cap Coalition and at the same time transported Russian crude oil above the maximum price agreed by the coalition," the message states.

At the same time, it is recalled that the international price cap on crude oil from the Russian Federation entered into force in December 2022 with an established limit of $60 per barrel.

"The ships NS Champion, Viktor Bakaev and HS Atlantica were carrying Russian Urals crude oil at a price of more than $70 per barrel after the crude oil price cap came into effect," the US agency said.

Moreover, these three vessels used the services of the United States during the transportation of crude oil of Russian origin. They were blacklisted for violations.

In addition, sanctions were imposed against Sterling Shipping Incorporated and Streymoy Shipping Limited, located in the United Arab Emirates, as well as the Liberian company HS Atlantica Limited. They are the registered owners of the three vessels that were carrying Russian oil.

Author - Serhii Kolomiets, 02/12/2023

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