The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on four entities and identifying one vessel as blocked property.
The network of these entities and the vessel were involved in a price cap violation scheme in late 2023. The United States is part of an international coalition, including the G7, the European Union, and Australia, that have agreed to prohibit the import of crude oil and petroleum products of Russian Federation origin (the “Price Cap Coalition”).
“Today’s action against vessels violating the price cap on Russian oil should serve as a continued warning that we can and will enforce violations of the cap”
Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson
The following entities have been added to OFAC’s SDN List:
NS LEADER SHIPPING INCORPORATED, 80 Broad Street, Monrovia, Liberia; Organization Established Date 12 Oct 2006; Identification Number IMO 5305560; Registration Number C-109156 (Liberia). This company is the registered owner of the NS Leader, which made five port calls in Russian ports in 2023.
OIL TANKERS SCF MGMT FZCO, Unit 27610-001, Building A1, IFZA Business Park, DDP, Dubai Silicon Oasis, Dubai, United Arab Emirates; Identification Number IMO 6396404. UAE-based Oil Tankers SCF has managed the NS Leader since September 2023, including during the November 2023 voyage during which the NS Leader carried above-cap crude oil of Russian Federation origin.
TALASSA SHIPPING DMCC, Dubai, United Arab Emirates; Organization Established Date 07 Jul 2022; License DMCC-852505 (United Arab Emirates); Registration Number 193984 (United Arab Emirates); Economic Register Number (CBLS) 11923170 (United Arab Emirates). Talassa have engaged in shipping multiple cargos together of crude oil of Russian Federation origin using vessels that loaded in Russian ports in 2023.
ZEENIT SUPPLY AND TRADING DMCC (a.k.a. ZEENIT SUPPLY & TRADING DMCC), Dubai, United Arab Emirates; Organization Established Date 15 Jul 2022; License DMCC-853123 (United Arab Emirates); Registration Number 194028 (United Arab Emirates); Economic Register Number (CBLS) 11923207 (United Arab Emirates). United Arab Emirates-based Zeenit sold Russian crude oil in November 2023 that was priced at over $80 per barrel that it delivered using the vessel NS Leader.
The following vessel has been added to OFAC’s SDN List:
NS LEADER (A8LU7) Crude Oil Tanker Gabon flag; Identification Number IMO 9339301; MMSI 636013272 (vessel).
