The seized Russian-flagged oil tanker Pegas is seen anchored off the shore of Karystos, on the Island of Evia, Greece, April 19, 2022.
REUTERS/Vassilis Triandafyllou/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - The United States on Thursday imposed sanctions on maritime companies and vessels for shipping oil sold above the G7's price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine.
It said the vessels used U.S.-person services while transporting the Russian-origin crude oil.
The cap bans Western companies from providing maritime services, including insurance, finance and shipping, for Russian seaborne oil exports sold above $60 a barrel, while seeking to keep oil flowing to markets.
“Shipping companies and vessels participating in the Russian oil trade while using Price Cap Coalition service providers should fully understand that we will hold them accountable for compliance,” Deputy Treasury Secretary Wally Adeyemo said in the statement.
Persons:
Vassilis, Wally Adeyemo, Daphne Psaledakis, Laura Sanicola, Ismail Shakil, Susan Heavey, Chizu
Organizations:
REUTERS, Rights, The U.S . Treasury Department, United, “ Shipping, Coalition, Ukraine, Thomson
Locations:
Russian, Karystos, Evia, Greece, United States, Washington, Moscow, Ukraine, The U.S, United Arab Emirates, U.S, Australia, Price