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OFAC Sanctions UAE-Based Shipping Company and Eighteen of its Vessels in Connection with Violations of the Russian Price Cap Policy

OFAC Sanctions UAE-Based Shipping Company and Eighteen of its Vessels in Connection with Violations of the Russian Price Cap Policy
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United statesRussian federationHs atlanticaSeward kisselHennesea holdings limitedForeign assets controlUnited arab emirates basedRussian price capSpecially designated nationalPrice cap

OFAC Sanctions UAE-Based Shipping Company and Eighteen of its Vessels in Connection with Violations of the Russian Price Cap Policy | Seward & Kissel LLP

On January 18, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the imposition of sanctions against a United Arab Emirates-based shipping.

United statesRussian federationSeward kisselHennesea holdings limitedHs atlanticaForeign assets controlUnited arab emirates basedRussian price capSpecially designated nationalPrice cap

US sanctions UAE company over Russian oil price cap violation

The US has sanctioned UAE-based Hennesea Holdings for transporting Russian crude oil priced above the international $60 price cap.

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Treasury Tightens the Price Cap with New Sanctions and Updated Guidance

Treasury Tightens the Price Cap with New Sanctions and Updated Guidance
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Amurskaya oblastUnited statesUnited kingdomPermskiy krayRussian federationWally adeyemoViktor bakaevHong covart energy limitedCoalition advisory for the maritime oil industryPrice cap coalitionLeaders of the group sevenHs atlanticaStreymoy shippingHong bellatrix energy limitedShip managementd ltdUs department of the treasury

Treasury Tightens the Price Cap with New Sanctions and Updated Guidance

Treasury Tightens the Price Cap with New Sanctions and Updated Guidance
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United statesAmurskaya oblastUnited kingdomPermskiy krayRussian federationWally adeyemoViktor bakaevPrice cap coalitionShip managementd ltdLeaders of the group sevenSterling shipping incorporatedStock company sovcomflotHs atlanticaStreymoy shippingPetroleum products of russian federation originCoalition advisory for the maritime oil industry