The United States on Thursday took its first oil price cap enforcement action of the year, hitting a UAE-based shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap, TURAN's Washington correspondent reports.
The latest sanctions targeted a company named Hennesea Holdings Limited and its 18 vessels that the U.S. Treasury now considers blocked property. American firms and people can no longer conduct business with them.
“No one should doubt our coalition’s commitment to stopping those who help the Kremlin,” said Treasury Deputy Secretary Wally Adeyemo.
"Today’s action demonstrates that violating the price cap will result in consequences." State Department's Spokesperson Matthew Miller said in a separate statement.
"Alongside our Price Cap Coalition partners across the G7, European Union, and Australia, we are steadfast in our commitment to hindering evasion that helps Russia fund its illegal war against Ukraine," Miller added.
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Russia has supplied air defense missile systems to North Korea in exchange for sending its troops to support Russia's war efforts against Ukraine, a top South Korean official said Friday.
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Taiwan President Lai Ching-te will visit Taipei's three remaining diplomatic allies in the Pacific on a trip starting at the end of the month, his office said on Friday, but the government declined to give details on U.S. transit stops.
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Russia is ready to consider any "realistic" peace initiative on the conflict in Ukraine which takes into account Russia's own interests and the situation on the ground, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.
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China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday.
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