The United States imposes sanctions on two more companies

The US Treasury Department initiated sanctions against two tanker owners, one in Turkey and the other in the United Arab Emirates, alleging that they violated the price ceiling imposed on Russian oil.

The United States, other G7 countries and Australia implemented the price cap late last year to reduce revenue from oil sales within the scope of sanctions they imposed on Russia after Russia declared war on Ukraine. Consequently, sanctions are imposed on companies that transport oil with a price per barrel higher than $60.

SANCTION ON A COMPANY BASED IN Türkiye

The United States sanctioned the Turkish company Ice Pearl Navigation, owner of the Yasa Golden Bosphorus oil tanker.

The US Treasury Department stated that Ice Pearl Navigation was carrying Russian ESPO crude oil priced above $80 per barrel after the price cap went into effect in December last year.

According to Reuters, in the statement from Yasa Holding, owner of Yasa Tanker, which operates the tanker Golden Bosphorus, it is stated that there are all kinds of documents, including those received from the main British naval insurance companies, which prove that the tanker complied all regulations during the period in which it transported Russian oil.

The statement states that the company has not transported Russian oil for more than a year and that the ship is currently used by Exxon Mobil, one of the largest US oil companies, under a time charter for A few months.

The United States also imposed sanctions on Lumber Marine SA, based in the United Arab Emirates and owner of SCF Primoyre, for transporting Russian oil from Novy Port at a price higher than $75 per barrel.