(Reuters) – The U.S. Treasury on Friday introduced sweeping new sanctions in opposition to the Russian vitality sector, together with oil majors Gazprom (MCX:GAZP) Neft and Surgutneftegaz, to attempt to hinder Moscow in its battle with Ukraine.
Britain additionally joined the sanctions in opposition to these two corporations, the U.S. Treasury mentioned.
The sanctions additionally goal greater than 180 vessels and dozens of oil merchants, oilfield service suppliers, insurance coverage corporations and vitality officers, in line with the Treasury’s Workplace of International Belongings Management (OFAC).
Following are some key entities and people affected:
RUSSIAN OIL MAJORS
Gazprom Neft;
Surgutneftegaz;
Greater than two dozen subsidiaries of Gazprom Neft and Surgutneftegaz, together with Moscow Oil Refinery and entities primarily based in Kazakhstan, Kyrgyzstan and Luxembourg.
RUSSIA’S SEABORNE OIL EXPORTS
Russia’s state-owned delivery firm and fleet operator Sovcomflot;
Two Russia-based maritime insurance coverage suppliers: Ingosstrakh Insurance coverage Firm and Alfastrakhovanie Group, each beforehand sanctioned by the UK;
Sixty-nine vessels owned by Sovcomflot, together with 54 oil and product tankers and 4 liquefied pure gasoline (LNG) tankers;
Two UAE-based ship managers that help Sovcomflot: Fornax Ship Administration FZCO and Stream Ship Administration FZCO;
100 and eighty-three vessels, largely oil tankers, which can be a part of the shadow fleet in addition to oil tankers owned by Russia-based fleet operators;
Rosnefteflot, the marine transportation arm of the Russian oil firm Rosneft.
Sovcomflot, Rosnefteflot, Gazpromneft Marine Bunker and different delivery corporations listed within the new sanctions have been common shippers of Russian oil to India.
OPAQUE TRADERS OF RUSSIAN OIL
Black Pearl Community, a significant dealer of Russian crude oil, together with barrels priced above the $60 worth cap. Since 2023, Black Pearl has possible bought greater than $2 billion value of Russian crude oil and oil merchandise, in line with OFAC;
UAE-based Conmar Maritime DMCC (Conmar), which is affiliated with Black Pearl, and quite a few different UAE- and Hong Kong-based buying and selling workplaces.
RUSSIAN ENERGY OFFICIALS
Yusuf Alekperov, the founder and proprietor of Russian oilfield providers firm Welltech and son of one among Lukoil’s founders, Vagit Alekperov;
Aleksander Dyukov, CEO of Gazprom Neft;
Sergei Kudryashov, CEO of oil producer Zarubezhneft;
Nail Maganov, the top of oil producer Tatneft;
Vadim Vorobyev, CEO of Lukoil;
Vladimir Bogdanov, CEO of Surgutneftegaz.
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