he U.S. Treasury Department has imposed sanctions on three maritime companies based in the United Arab Emirates (U.A.E.) and three vessels owned by the companies for shipping Russian oil sold above a price cap imposed by the world’s major economies to reduce the amount of oil revenue Moscow has to fund its war in Ukraine....
Tag: OFAC
US Sees Growing Number of UAE-Based Shippers in Breach of Russian Oil Cap
The United States Treasury Department has put three more shipping companies based in the United Arab Emirates under sanction accusing them of carrying Russian oil priced above war-induced ceilings imposed by Washington and its allies. Oil Tankers SCF Mgmt FZCO, Talassa Shipping DMCC and Zeenit Supply and Trading DMCC, as well as Liberia-based NS Leader...
Treasury Targets Actors Involved in Production and Transfer of Iranian Unmanned Aerial Vehicles to Russia for Use in Ukraine
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning firms involved in the production or ongoing transfer to Russia of Iranian unmanned aerial vehicles (UAVs), which Russia has used in devastating attacks against civilian infrastructure in Ukraine. OFAC is designating Shahed Aviation Industries Research Center, the firm responsible...