Tag: US Sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced its second price cap enforcement action of 2024, imposing sanctions on four entities and designating one vessel as blocked property.

On January 18, Venezuelan Vice-President Delcy Rodriguez met with the Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, in London.

Multiple U.S. Senators have taken a firm stance on Iran's alleged violation of U.S. sanctions, sending a letter to the Panama Maritime Authority to seek cooperation in investigating ships registered in Panama suspected of transporting Iranian oil.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on two entities and identifying as blocked property two vessels that used Price Cap Coalition service providers while carrying Russian crude oil above the Coalition-agreed price cap.

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.