US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans
The U.S. Treasury has levied a new round of sanctions on firms and ships that used U.S. service providers to carry Russian crude oil in violation of the multinational price cap — and imposed another set of sanctions on a group of Balkan people and firms tied to Kremlin influence in the region
WASHINGTON (AP) — The U.S. Treasury on Thursday imposed a new round of sanctions on firms and ships that used American service providers to carry Russian crude oil in violation of the multinational price cap — and imposed another set of sanctions on a group of Balkan people and firms tied to Kremlin influence in the region.
Treasury’s Office of Foreign Assets Control imposed sanctions on three United Arab Emirates-based firms and blocked three ships that used U.S. service providers to carry Russian crude oil above the $60 price cap.
The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans. The actions on the ships blacklist them from transporting goods with U.S. service providers.
The U.S., along with the EU, countries in the Group of Seven and Australia, imposed a $60 a barrel limit last year on what Russia could charge for its oil. The cap is designed to deprive the Kremlin of revenue to fund its war in Ukraine, forcing the Russian government either to sell its oil at a discount or find a costly alternative shipping network.
