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.
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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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Related State Acts
02 Sep 2022
United States of America: Prohibition of services to Russia’s seaborne oil exports above an agreed price cap
02 Dec 2022
United States of America: Department of Treasury bans providing services facilitating the maritime transport of Russian oil above USD 60 per barrel
03 Feb 2023
United States of America: Department of Treasury prohibits providing services facilitating the maritime transport of Russian petroleum products above USD 45 or USD 100 per barrel
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