Law

US sanctions squeeze on Russian giant Sovcomflot goes far beyond newly blacklisted vessels

In addition to naming host of vessels, Treasury Department pulls back licence that allowed some transactions

Treasury secretary Janet Yellen says the US is ‘ratcheting up the sanctions risk associated with Russia’s oil trade’.
Treasury secretary Janet Yellen says the US is ‘ratcheting up the sanctions risk associated with Russia’s oil trade’.Photo: Scanpix
TradeWinds deputy editorMiami
Published 10 January 2025, 17:33Updated 13 January 2025, 14:09
SovcomflotRussiaUSSanctionsOFAC