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Shipping: USA wants to better enforce price cap on Russian oil

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Published: January 19th, 2024,
Last updated: May 28th, 2025

The US wants to take stronger action against parts of the shipping industry in order to make it more difficult to circumvent international sanctions against Russia. „Anyone who violates the price cap on oil must expect consequences“, said US Deputy Treasury Secretary Wally Adeyemo on Thursday during a visit to Berlin, where he wanted to meet Vice Chancellor Robert Habeck and Chancellery Chief Wolfgang Schmidt, among others. Companies that would help the Kremlin would have to be stopped.

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