Treasury Intensifies Sanctions Against Russia by Targeting Russia’s Oil Production and Exports (Press Release)

Date issued: Jan. 10 2025

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TURBOFAC Commentary (55 words)

Notes:

1) Prior to Jan 10, 2025, OFAC had sanctioned many vessels and vessels operators for carrying Russian oil, as well as “opaque traders” (see e.g. Treasury Tightens the Price Cap with New Sanctions and Updated Guidance) though this was done pursuant to the “marine sector” prior to the Jan. 10, 2025 “energy sector” determination.