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U.S. imposes sanctions on tankers transporting Russian oil

U.S. imposes sanctions on tankers transporting Russian oil Illustrative photo (Getty Images)

On December 1, the United States implemented sanctions on three tankers involved in transporting Russian oil, according to the US Department of the Treasury.

The restrictions were imposed in accordance with the sanctions list against Russia. Two companies from the United Arab Emirates (UAE) and one from Liberia were included in the list of restrictions.

Additionally, three tankers associated with the aforementioned companies fell under the sanctions.

Tankers transported oil above the set price ceiling

Wally Adeyemo, the Deputy Secretary of the Treasury, stated that ensuring restrictions on the price of Russian oil is a top priority for the United States and its coalition partners.

"By targeting these companies and their ships, we are upholding the dual goals of the price cap by restricting Russia’s profits from oil while promoting stable global energy markets," said the official.

Price ceiling on Russian oil

Recall that at the end of the previous year, the G7 countries and the European Union decided to impose a price ceiling of $60 per barrel on Russian oil. This measure aimed to limit the aggressor country's ability to profit from exports.

However, by the end of September this year, the Financial Times reported that Russia had managed to increase its commodity revenue despite the restrictions, circumventing the price constraints.

It was recently reported that the United States threatened to impose imprisonment for those violating the price restrictions on Russian oil.