US Sanctions Russian Shipping Giant in Bid to Squeeze Oil Sales
A tanker of the Sovcomflot company near the village of Belokamenka, Murmansk region, Russia.
Photographer: Maksim Blinov/Sputnik/APThis article is for subscribers only.
The US imposed sanctions on Russian oil-shipping giant Sovcomflot PJSC, joining the UK and other allies in a fresh bid to clamp down on President Vladimir Putin’s efforts to evade a price cap on crude exports.
The Treasury Department also sanctioned 14 crude oil tankers identified as being linked to the company, Treasury said in a statement. The company had already been sanctioned by Australia, Canada, New Zealand and the UK, and faced European Union restrictions. The US had previously sanctioned companies linked to the shipper.