US imposes sanctions on Russian shipping giant in bid to squeeze oil sales
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.
