US sanctions Emirati tanker owner for violating Russian oil price cap

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a United Arab Emirates-based shipowner for violating the price cap on Russian crude oil exports. Sanctions were placed on Hennesea Holdings as the beneficial owner of 18 ships, including the 2006-built aframax ex-Beks Atlantica, which OFAC previously identified as …

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