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US Sees Growing Number of UAE-Based Shippers in Breach of Russian Oil Cap
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February 19, 2024February 19, 2024Crime, News

US Sees Growing Number of UAE-Based Shippers in Breach of Russian Oil Cap

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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...

UAE shipping firm hit with U.S. sanctions for violating $60 price cap for Russian crude oil
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January 20, 2024January 20, 2024Crime, News

UAE shipping firm hit with U.S. sanctions for violating $60 price cap for Russian crude oil

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The U.S. on Thursday hit a United Arab Emirates shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap. This is Treasury’s first oil price cap enforcement action of 2024 — imposed on Hennesea Holdings Limited and its 18 vessels that the U.S. Treasury now considers blocked property. U.S. firms...