Two companies that purchased “black gold” at a higher price fell under the restrictions of the US Treasury Department.
The United States imposed sanctions for the first time in response to circumvention of price restrictions on Russian oil. This was learned from a message from the sanctions department of the country’s Ministry of Finance (OFAC) on October 12, 2023.
Sanctions are known to affect shipping companies Kereste Maritime SA from UAE and Turkey Ice Pearl Navigation Company It is noted that the first suspected Transportation of Arctic quality Novy Port Russian oil with the tanker SCF Primorye at a price of 75 per barrel. Later this information was confirmed. The Turkish company also owns the Yasa Golden Bosphorus tanker, which carries ESPO oil at a price of $80 per barrel. It is noteworthy that both ships use the services of American companies.
Important
“Today’s decision demonstrates our determination to reduce the resources Russia uses in its war against Ukraine and to adhere to price ceilings,” said U.S. Deputy Treasury Secretary Wally Adeem.
Due to sanctions, it will be much more difficult for these companies to participate in the global “black gold” trade.
Let us also note that the oil embargo on seaborne oil supplies from Russia to the EU comes into force on December 5, 2022. The ceiling price of Russian oil was set at 60 dollars per barrel. At the same time, against the backdrop of restrictions, the aggressor country began to cooperate more actively with the UAE to sell energy resources in this country. Additionally, the Russians have managed to create a shadow fleet that bypasses international sanctions and delivers Russian oil to buyers around the world.
Important
Meanwhile, neither the US nor the G7 countries see any concerns about Russian oil and will not revise their prices. However, some European countries are importing increasing amounts of “black gold” from the Russian Federation.
At the same time, on September 26, the United States imposed new sanctions against Russian companies linked to the military-industrial complex. The largest titanium producer in the Russian Federation was subject to restrictions.
Source: Focus
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