The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has further tightened enforcement of the price cap on Russian oil. In collaboration with the Price Cap Coalition, OFAC has designated a Government of Russia-owned ship manager, SUN Ship Management D Ltd, and three oil traders – Bellatrix Energy Limited, Covart Energy Limited, and Voliton DMCC – for their involvement in the seaborne transportation of Russian crude oil above the cap. The action aims to uphold the principles of the price cap policy, reducing Russian revenues to fund its war against Ukraine. The guidance on the implementation of the Price Cap Policy for Crude Oil and Petroleum Products of Russian Federation Origin has also been updated. The designated entities are now subject to sanctions, blocking their property and prohibiting transactions involving their interests.
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}