OFAC sanctions shipping company for Russia oil price cap violation

19 January 2024

OFAC sanctions shipping company for Russia oil price cap violationBlackMac_Shutterstock

The US has sanctioned UAE-based shipping company, Hennesea Holdings Ltd, for violating the $60-per-barrel price cap on Russian crude oil exports. Hennesea Holdings Ltd, said to be the beneficial owner of 18 mostly older...

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...

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