The United States has imposed sanctions against three shipping companies based in the United Arab Emirates for allegedly violating the $60 per barrel cap on the price of Russian oil.
These companies are the UAE-based Kazan Shipping Inc., Progress Shipping Company Ltd. and Gallion Navigation Inc., Treasury said.
They were sanctioned and the vessels were identified as blocked property.
Earlier, the US Treasury Department also imposed restrictive measures against Liberia-registered Progress Shipping Company Limited and Gallion Navigation Incorporated.