Page 14 - Primorye News Today

The Biden administration imposed sanctions on two owners of tankers that carried Russian oil above the G7 price cap of $60 a barrel, one based in Turkey and one based in the United Arab Emirates, the...

(Bloomberg) -- The US imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven nearly a year ago, as signs mount the restriction is failing to cut Kremlin revenues as hoped.Most Read from BloombergIsrael Latest: Chief Says Military Failed in Its Duty to ProtectIsrael Latest: Hamas Leaders Targeted as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Goldman Sues Malaysia as 1MDB Settlement Dispute ...

(Bloomberg) -- The US imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven nearly a year ago, as signs mount the restriction is failing to cut Kremlin revenues as hoped.Most Read from BloombergIsrael Latest: Hamas Leaders Targeted as Ground War LoomsIsrael Latest: NATO Allies Urge Immediate Release of HostagesApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’Goldman Sues Malaysia as 1MDB Settlement Dispute Esc...

The U.S. government Thursday sanctioned two entities and identified two vessels as blocked property for alleged violation of Russian crude oil price caps.

The U.S. Treasury Department imposed sanctions on two companies and two of their tankers for transporting Russian crude oil at a price higher than the $60-per-barrell cap, the department announced on Oct. 12.

Putin has been skirting the price cap imposed by the G7, the EU and Australia in 2022

Aframax tanker Yasa Golden Bosphorus and suezmax tanker SCF Primorye singled out by US Treasury Departments Office of Foreign Assets Control for carrying Russian oil above the price cap

Two sanctions-busting tankers, including one owned by Russian-controlled Sovcomflot, were named by the US Treasury Department as facing penalties for breaching oil price cap

The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement. The post US pulls trigger on Russian sanctions, blacklists 2 crude tankers appeared first on FreightWaves.

Washington has imposed its first sanctions on shipping companies that have breached the G7’s Russian oil price cap in a crackdown on Putin’s “shadow fleet”.