The U.S. Treasury on Friday imposed another round of sanctions against three companies and associated vessels for moving Russian crude oil sold above the agreed-upon price cap set by an international coalition of countries after the Russian invasion of Ukraine.
The companies and vessels include United Arab Emirates-based Sterling Shipping Incorporated and NS Champion vessel (IMO 9299719); UAE-based Streymoy Shipping Limited and Viktor Bakaev vessel (IMO 9610810); and Liberia-based HS Atlantica Limited and HS Atlantica vessel (IMO 9322839).
The move follows similar Treasury actions taken in October and November aimed at reducing Russian revenue that could be used in its war against Ukraine.
The international coalition of countries in December 2022 agreed to prohibit importation of Russian origin crude oil and petroleum products after the Russian invasion of Ukraine unless oil was priced at a cap of $60/bbl or lower.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
–Reporting by Eric Wieser, [email protected]; Editing by Tom Sosnowski, [email protected] and Michael Kelly, [email protected]
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