Tag: US Sanctions

The US State Department reiterated its warning that any entity involved in the Nord Stream 2 pipeline risks US sanctions and should immediately abandon work on the pipeline. This warning comes after the US expanded its sanctions targeting the Nord Stream 2 project, last summer. 

Iran said that a U.S. move this month to seize a cargo of oil on the grounds that it came from Tehran was an act of piracy, noting that the shipment did not belong to the Iranian government.

Following its sanctions program last year, the United States managed to sell more than a million barrels of seized Iranian fuel, as Reuters reported.

Following its efforts to block Iran’s energy exports, US gone to court in order to seize 2 million barrels of oil that it claims came from Iran.

As part of its efforts to block Iran's energy exports, the US is trying to seize around 2 million barrels of what it thinks is Iranian oil onboard the Liberian-flagged Achilleas, Bloomberg reported citing people familiar with the matter.

On 19 January, the US Office of Foreign Asset Control (OFAC) added several entities and individuals to the Specially Designated Nationals list, including the Venezuelan National Institute of Aquatic Spaces (INEA), which is the Venezuelan Maritime Authority.

The United States blacklisted oil trading firms, individuals and ships that have helped Venezuelan oil company PDVSA, sell crude mainly to Asia, despite Washington's sanctions on the South American nation.

The US has informed Germany that it plans to impose sanctions on a Russian pipe-laying ship involved in construction of the Russian-led Nord Stream 2 gas pipeline from Russia to Germany.

The US State Department is imposing sanctions on Islamic Republic of Iran Shipping Lines (IRISL), saying that it allegedly knowingly transferred, directly or indirectly, to Iran grain-oriented electrical steel to at least one Iranian person on the List of Specially Designated Nationals and Blocked Persons. 

The US added China’s CNOOC to its economic blacklist, accusing the oil giant of helping China intimidate neighbors in the South China Sea.