The US imposed sanctions against 11 Russian companies and three oil tankers

The US has expanded sanctions against 11 Russian companies, as well as “Russia-linked” companies from Liberia, Macedonia, Bosnia and Herzegovina and the UAE. Three oil tankers were also subject to restrictions. Moscow considers sanctions illegal

The US Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions on 11 Russian organizations, as well as three oil tankers - Kazan, Ligovsky Prospect and NS Century (all three fly the flag of Liberia), according to a message on the department's website.

The sanctions lists were replenished, in particular:

JSC "VNIIR", VNIIR Transstroy, VNIIR Promelektro, VNIIR Gidroelektroavtomatika, LLC "Mosen Asset Management", JSC "Abs Zeim Automation", LLC "Dominion Tverskaya-Yaroslavskaya", LLC "Dominion Nikolsky", LLC "Akset Electro", LLC " Akset Automation", LLC "Abs Electrical Engineering".

Also subject to American sanctions were the Progress shipping company (registered in Liberia), Kazan Shipping Inc. (registered in the UAE) and a number of other “Russian-related” companies from Macedonia and Bosnia and Herzegovina.

Inclusion in the American SDN list (Specially Designated Nationals List - list of sanctioned persons) entails the blocking of all assets owned by a person located in the United States and a ban on American persons from any interaction with sanctioned persons, including receiving from such persons and providing them or in their interests with money funds, goods or services.

After the start of the Russian special operation in Ukraine , the United States imposed many sanctions against Moscow, which affected both deputies and military personnel, as well as the largest Russian companies and institutions. US President Joe Biden argued back in April 2022 that American sanctions would “erase 15 years of gains” in the Russian economy and reduce Russia’s GDP “by double digits.”

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In November , Reuters reported that Washington had asked shipping companies from about 30 countries to provide information on nearly 100 vessels that U.S. authorities believe may be linked to violations of Western oil sanctions against Russia.

Price ceiling for RussianG7 countries introduced oil in December last year, the limit is $60 per barrel. A similar measure applies to petroleum products from Russia. It was introduced in February of this year, the size of the limit varies depending on the type of product: $100 per barrel for those that are traded at a premium relative to crude oil , and $45 per barrel for those that are sold at a discount. In the first case we are talking about diesel fuel, in the second - about fuel oil.

Moscow considers anti-Russian sanctions illegitimate. President Vladimir Putin noted that they do more harm to those who introduce them. According to him, Russian GDP may grow to 3% by the end of this year.