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OFAC Announces New Price Cap Sanctions and Publishes Coalition Enforcement Alert

On February 8, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the imposition of sanctions against a network of foreign entities and a vessel involved in an asserted price cap...more

OFAC Sanctions Three Vessels and their Designated Owners for Violations of the Russian Price Cap Policy

On December 1, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets control (OFAC) announced the imposition of sanctions on three entities and identified as blocked property three vessels that used Price Cap...more

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