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The move marks another escalation in the West’s efforts to enforce the $60 price cap on seaborne shipments of Russian oil it imposed to punish Moscow for its war in Ukraine
The U.S., EU and UK are pressuring Liberia, the Marshall Islands and Panama to increase oversight of ships carrying their flags to ensure they do not transport Russian oil sold above the price cap, a... -December 01, 2023 at 07:04 pm EST - MarketScreener
The US, EU and UK are pressuring Liberia, the Marshall Islands and Panama to tighten controls on vessels flying their flags carrying Russian oil sold at prices higher than the price cap. Source: Reuters Reportedly, the letters, sent to the authorities of Panama, were signed by Lindsey Whyte, head of international finance at Britain's Treasury, John Berrigan, head of the European Commission's financial services unit, and Brian Nelson, the U.
US, allies pressure Liberia, Marshall Islands, Panama over Russia oil sanctions