Tag: US Sanctions

Since Myanmar's military coup in February 2021, the EU, UK, and US have placed a series of sanctions and export restrictions. The Steamship Mutual P&I Club informs about measures that may be of interest to shipowners/operators.

Iran and Venezuela have launched a direct shipping route to enhance trade ties amid U.S. sanctions, the Iranian embassy in Caracas announced in a statement released on Friday 3 March 2023.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two individuals and three entities for activities related to the exportation of petroleum to the Democratic People’s Republic of Korea (DPRK).

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed a new round of sanctions, among which it targets the Turkish port MMK Turkey.

The U.S. is considering imposing sanctions against a United Arab Emirates-based businessman, as well as a network of companies suspected of helping export Iran’s oil.

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).