US sanctions Russia over oil, diamond imports

US sanctions Russia over oil, diamond imports
# 09 February 2024 01:29 (UTC +04:00)

The United States Treasury announced on Thursday that the Office of Foreign Assets Control (OFAC) issued sanctions against four entities and one vessel as blocked assets, taking the "second oil price cap enforcement action of 2024", APA reports citing BBN.

According to the statement, three companies from the United Arab Emirates, one from Liberia, and a Gabon-flagged oil tanker are sanctioned. OFAC also issued two new rulings that implement G7 commitments to ban imports of Russian diamonds.

Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian Nelson noted that "today's action against vessels violating the price cap on Russian oil should serve as a continued warning that we can and will enforce violations of the cap."

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THE OPERATION IS BEING PERFORMED