In a statement, the Treasury Department said it had imposed sanctions on three UAE-based entities – Zeenit Supply and Trading DMCC, Talassa Shipping DMCC and Oil Tankers SCF Mgmt FZCO – as well as on Liberia-registered oil tanker NS Leader. The sanctions freeze any U.S. assets of those targeted and generally bars Americans from dealing with them. “Today’s action against vessels violating the price cap on Russian oil should serve as a continued warning that we can and will enforce violations of the cap,” said Brian Nelson, a Treasury under secretary for terrorism and financial intelligence. The cap is part of Western sanctions that aim to reduce Russia’s ability to fund its war in Ukraine while keeping oil markets well supplied. Since last October the United States has placed sanctions on about 27 tankers for carrying Russian oil above $60 while using a Western maritime service.

Source: GNN Liberia February 09, 2024 16:39 UTC