U.S. Treasury imposes additional price cap-related sanctions
Entities and vessels carrying Russian crude oil above the Coalition-agreed price cap
Entities and vessels carrying Russian crude oil above the Coalition-agreed price cap
The U.S. Department of the Treasury today issued a release announcing that the Office of Foreign Assets Control (OFAC) is imposing sanctions on three entities and identifying as blocked property three vessels that used Price Cap Coalition* services while carrying Russian crude oil above the Coalition-agreed price cap.
The sanctions build on Treasury’s previous actions this year:
- Read TradeNewsFlash (November 2023)
- Read TradeNewsFlash (October 2023)
Read today’s OFAC release for information for identifying information on the entities sanctioned and vessels identified, which also includes:
- Russia-related General License 78 [PDF 254 KB]—Authorizing limited safety and environmental transactions involving certain persons or vessels blocked on December 1, 2023
* The Price Cap Coalition consists of the G7, European Union, and Australia
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal E: jlibby@kpmg.com |
John Anderson Managing Director E: johneanderson@kpmg.com |
Jenna Leigh Glass Managing Director E: jennaleighglass@kpmg.com |
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