The US Department of Finance announced on January 18 that it had imposed sanctions against a shipping company from the United Arab Emirates for violating the regime of limiting the price of Russian oil exports. This is the first time this year, the Voice of America notes.
The statement of the Ministry of Finance states that the sanctions of the Foreign Assets Control Office have been imposed on Hennesea Shipping Co Ltd, which is the ultimate owner of 18 Liberian-flagged tankers acquired at the end of 2022.
One of the company’s ships, “XS Atlantika”, was transporting crude oil of Russian origin, sold at a price above the limit of $60 set by the G7 countries. At the same time, the company used the services of an American supplier of maritime services, which allowed it to be held accountable.
A price ceiling of $60 per barrel for Russian oil delivered by sea was introduced by Western countries in December 2022 to limit the Kremlin’s income during the war in Ukraine. Due to the war and sanctions, most of the Russian oil is exported to India and China, they did not join the ceiling.