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OFAC Imposes First Sanctions for Russian Oil Price Cap Violations | K&L Gates LLP

Published: October 24, 2023

For the first time, on 12 October 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on vessels and their owners for breaching the price...

Source: jdsupra.com

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Russian FederationAustralia The CoalitionCoalition Advisory For The Maritime Oil IndustryOur InternationalInternational Association Of ClassificationAdvisory For The Maritime Oil IndustryPrice Cap CoalitionKl GatesForeign Assets ControlCap CoalitionSpecially Designated NationalsBlocked Persons ListMaritime Oil IndustryRelated SectorsExecutive OrderPrice Cap PolicyInternational AssociationIdentification SystemsInternational ConventionVessel DueInternational Trade