The US Treasury Department has issued notices to shipping management companies in 30 countries, seeking information on vessels that may have violated sanctions on Russian oil. The Office of Foreign Assets Control sent requests on Friday for details on 100 oil tankers, marking a significant move since Western powers imposed a $60-per-barrel price cap on Russian crude. The price cap, applicable to seaborne exports, aims to limit Moscow’s financing for the war in Ukraine by prohibiting Western companies from providing transportation, insurance, or financing services.
A Treasury spokesperson affirmed the commitment to enforcing the price cap, stating it is part of an effort to reduce Russia’s resources for the conflict. The recent sanctions on two oil tanker owners for carrying Russian oil priced above the cap marked a notable enforcement of this measure.
Despite the price cap, Russian benchmark Urals oil has traded above $60 a barrel, with countries like China and India, not participating in the sanctions, continuing to buy Russian cargoes. In response, Russia and its suppliers have resorted to a “ghost fleet” of oil tankers, attempting to evade the sanctions.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}