Global Trade Alert
Global Trade Alert

United States of America: Treasury imposes sanction on a UAE-based maritime company for carrying Russian crude oil above the price cap

Announcement

18 Jan 2024

In January 2024, the Treasury Department announced sanctions on a UAE-based maritime company transporting Russian crude oil above the price cap.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

18 Jan 2024

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 18 January 2024, the U.S. Department of Treasury imposed sanctions on a United Arab Emirates-based entity due to carrying Russian crude oil above the Coalition price cap. As a result of this decisi...

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