The Company Statement
November 16, 2023

The U.S. Department of the Treasury has announced sanctions and blocked three oil tankers that were transporting Russian oil in violation of the established price ceiling of $60 per barrel. The new U.S. sanctions target three companies registered in the United Arab Emirates – Kazan Shipping, Progress Shipping, and Gallion Navigation, which own the tankers "Kazan," "Ligovsky Prospekt," and "NS Century," respectively.

November 16, 2023The United States imposed sanctions on carriers of Russian oil that bypassed the “price ceiling”
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