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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 Tanker Firms for Russian Price Cap Breach

OFAC has imposed sanctions on two companies for carrying Russian crude cargoes priced above the cap.

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North American Morning Briefing: Stock Futures Struggle With Jobs Report in Sight

North American Morning Briefing: Stock Futures Struggle With Jobs Report in Sight
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