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US slaps new sanctions over Russian oil price cap breach

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced on Jan. 18 sanctions against the shipping company Hennesea Holdings Limited for violating the $60 per barrel price cap on Russian crude. ....

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US imposes fresh sanctions on multinational network helping Russia

The U.S. Office of Foreign Assets Control (OFAC) on Dec. 5 imposed new sanctions targeting an international weapons procurement network that Washington says involves numerous Cyprus-incorporated entities as well as businesses registered in Sweden, Hong Kong, and the Netherlands. ....

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