Taking Additional Actions to Uphold Coalition Price Cap Policy
US Department of State
Press Statement
Matthew Miller, Department Spokesperson
December 1, 2023
The United States imposed sanctions today on three entities and identified as blocked property three vessels that used Price Cap Coalition services while carrying Russian crude oil above the Coalition-agreed price cap.
This action comes on the heels of our previous designations in October and November. Together with our Coalition partners, the United States is committed to restricting oil revenues that the Kremlin can use to fund its war against Ukraine, while maintaining supplies to the global energy market.
The Department of the Treasury actions were taken pursuant to Executive Order 14024 for operating or having operated in the marine sector of the Russian Federation economy. For more information on these designations, see Treasury's press release.
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