U.S. Sanctions Shipping Companies for Allegedly Evading Russia Oil Price Cap ...Middle East

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U.S. Sanctions Shipping Companies for Allegedly Evading Russia Oil Price Cap
The U.S. has imposed sanctions on additional shipping companies and vessels that it says evaded a cap meant to cut Russia’s oil revenue. The Treasury Department on Thursday said it placed sanctions on three companies based in the United Arab Emirates: Kazan Shipping, Progress Shipping and Gallion Navigation. Vessels owned by those companies transported Russian crude without respecting a $60-a-barrel price cap imposed by the U.S. and allies, the Treasury said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The post U.S. Sanctions Shipping Companies for Allegedly Evading Russia Oil Price Cap appeared first on Top World News

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