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The Treasury Department said Thursday that it has imposed its first set of sanctions on two companies that shipped Russian oil in violation of a multinational price cap. The United States, along with the European Union, countries in the Group of Seven and Australia, imposed a $60 a barrel limit last year on what Russia could charge for its oil. The cap was designed to deprive the Kremlin of revenue to fund its war in Ukraine, forcing the Russian government either to sell its oil at a discount or divert money for a costly alternative shipping network.

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Other stores besides staples. >> if it saves us money absolutely. >> what we are doing right now is not working and it will not work and we'll have to go forward with. this what will happen, this is a pilot program. we'll find out what the role coast to do business is. as taxpayers we want efficiencies and get rid of waste. if we do it this way, let's to it. don't just do it because we did it over and over again. it doesn't make a the lot of sense. >> thank you for joining us. eric? >> thank you. a ground breaking development inammazon. testing their own shipping network that could deliver t...

>> reporter: i think there is a lot of military presence controlling the main checkpoints that go under the tunnel under the suez canal which is obviously strategically vital to the world. the army knows that and they have put in, from what we can see, tough and stringent checks to make sure everyone that goes through is identified and has their bags searched. it does mean there are long delays. it does mean it would be hard for terrorists to strike underneath the tunnel and damage this vile tall part of the global transport network or the shipping network. we also saw driving across the desse...

In tough and stringent checks inside that opportunity toll make sure that everyone goes through is identified and has their bags searched. it does mean there are a long delays. it does mean it would be hard for terrorists to strike underneath the tunnel and damage this vile tall part of the global transport network or the shipping network. we also saw driving across the dessert where it's incredibly remote, bedouin farmers, more goats and sheep at checkpoints than policemen, but spray painted on the side was go mubarak. i think that gives you an indication it was not just what we were seeing i...