Tag: US Sanctions

The US decided to ease sanctions to enable Venezuelan oil to be transported to Europe to help those countries reduce their dependence on Russian oil.

The United States imposed sanctions on 7 Russian shipping companies and dozens of vessels, following the ongoing invasion of Ukraine.

The Shipowner's Club informs that in light of the latest developments regarding the ongoing war, the United Kingdom and the United States have introduced further sanction to Russia, following the illegal invasion of Ukraine. 

Efforts to revive the 2015 Iran nuclear deal are at a "critical phase" and Tehran's reasons for avoiding talks are wearing thin, a U.S. official told Reuters.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a foreign broker, involved in an international oil smuggling network that supports Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

Oil shipping companies have tightened operational guidelines and use technology to prevent accidental breaches of sanctions.

Reports began circulating this week in which Iran claimed an agreement has been reached with the US to remove all insurance, oil, and shipping sanctions that have been imposed by the US on Iran.

Iran said on Wednesday that the United States agreed to remove all sanctions on Iran's oil and shipping, amid talks to revive a 2015 nuclear deal, Reuters news agency informed.

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three separate and related general licenses (GLs) relevant to the sanction programmes targeting Iran, Syria, and Venezuela.

On 1 June 2021, the US Office of Foreign Assets Control (OFAC) extended the provisions of General License 8G, authorizing certain PdVSA-related transactions and activities for some US-based energy corporations.