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Lukoil has added 25 old tankers to its shadow fleet. All purchases were financed by Dubai-based Eiger Shipping DMCC, which is owned by Litasco Middle East DMCC, the Middle East subsidiary of Litasco, Lukoil's oil trading division. Eiger provided the money in advance, chartering the vessels in preparation for acquisition.

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.

The US Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions against 19 tankers carrying Russian oil under the flags of Liberia and Panama. The tankers belong to two companies: Hennesea Holdings Limited (UAE) and Cielo Marine Ltd (Hong Kong). About the shipping company Hennesea Holdings Limited (Hennesea), based in the United Arab Emirates, it is known that it is the ultimate owner of 18 vessels that were engaged in the transportation of crude oil of Russian origin at a price higher than 60 dollars per barrel.

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.

Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia’s War Machine. The crude oil price cap took effect in December 2022 with a cap on Russian crude oil at $60 per barrel. The SCF Primorye carried Novy Port crude oil priced above $75 per barrel from a port in the Russian Federation after the crude oil price cap took effect. United Arab Emirates-based Lumber Marine SA is the registered owner of the SCF Primorye.

A newly formed company in Dubai has purchased three liquefied natural gas tankers in what appears to be Russia's latest attempt to circumvent Western sanctions. In September, aspects of the management of the Veliky Novgorod, Pskov and Laperuz ships, which were previously managed by Russia, were transferred to a company called Matias Ship Management. Shell companies based in Dubai are often used to procure tankers, hiding their ultimate ownership and management from Western authorities.

The United States has placed the following UAE shipping companies on its sanctions list: Oil Tankers SCF Mgmt Fzco, Talassa Shipping DMCC, as well as Zeenit Supply and Trading DMCC. According to OFAC's press release, all of the listed legal entities are affiliated with each other and have been observed transporting Russian oil at a price exceeding the price ceiling of $60 per barrel.

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.

The United States added two companies from the UAE and one from Liberia to the SDN-List, as well as the tankers they own, for transporting Russian oil above the "price ceiling". These are HS Atlantica Limited (Liberia) and its vessel HS Atlantica, and Sterling Shipping Incorporated (UAE) and its vessel NS Champion. The third company against which sanctions have been imposed is Streymoy Shipping Limited (UAE), its tanker is Victor Bakaev. All vessels subject to sanctions fly the flag of Liberia.

The United States added two companies from the UAE and one from Liberia to the SDN-List, as well as the tankers they own, for transporting Russian oil above the "price ceiling". These are HS Atlantica Limited (Liberia) and its vessel HS Atlantica, and Sterling Shipping Incorporated (UAE) and its vessel NS Champion. The third company against which sanctions have been imposed is Streymoy Shipping Limited (UAE), its tanker is Victor Bakaev. All vessels subject to sanctions fly the flag of Liberia.

The EU is discussing whether to sanction Dubai-based shipping company SUN Ship Management Ltd, which is suspected of helping Russia circumvent restrictions on its oil exports. The company is included in the sanction list of the US Treasury.

The United States has placed the following UAE shipping companies on its sanctions list: Oil Tankers SCF Mgmt Fzco, Talassa Shipping DMCC, as well as Zeenit Supply and Trading DMCC. According to OFAC's press release, all of the listed legal entities are affiliated with each other and have been observed transporting Russian oil at a price exceeding the price ceiling of $60 per barrel.

The United States has placed the following UAE shipping companies on its sanctions list: Oil Tankers SCF Mgmt Fzco, Talassa Shipping DMCC, as well as Zeenit Supply and Trading DMCC. According to OFAC's press release, all of the listed legal entities are affiliated with each other and have been observed transporting Russian oil at a price exceeding the price ceiling of $60 per barrel.