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The US Treasury Secretary, Janet Yellen, announced that a G7-led price cap on Russian oil has significantly reduced Russian revenues over the past 10 months. In a new phase of enforcement, the US has imposed sanctions on two tanker owners for carrying Russian oil above the G7 price cap of $60 a barrel. The measure was implemented by the G7 after the invasion of Ukraine to starve Russia of energy export revenue. The toughened approach aims to keep imposing severe measures on violators to maintain the effectiveness of the price cap.
US Sanctions Two Tanker Owners For Breaching Russian Oil Price Cap https://t.co/L9BiG2NfJu
As part of a toughened approach, the U.S. imposed sanctions on two shipping companies for violating the oil price cap that the Group of 7 nations enacted to starve Russia of energy export revenue. https://t.co/ajXBOXtRcz
💰 G7 holds almost US$300 billion of Russian assets, promises not to unfreeze them until Ukraine's recovery https://t.co/k3K2tujO5V
As part of a toughened approach, the U.S. imposed sanctions on two shipping companies for violating the oil price cap that the Group of 7 nations enacted to starve Russia of energy export revenue. https://t.co/sFGd2R3crO
Is oil price cap on Russia oil working as intended? Will Treasury's latest enforcement efforts succeed? Join us (virtually) Monday, Oct 16, 2:30 PM. Eric Van Nostrand, Ed Morse, Craig Kennedy, Clay Seigle. Hutchins Center @BrookingsInst #OilPriceCap https://t.co/3YEKW4AiBq
⚡️ US sanctions two companies for violating Russian oil price cap. The U.S. Treasury Department imposed sanctions against two companies and two of their tankers for transporting Russian crude oil at a price higher than the $60-per-barrell cap, the department said on Oct. 12.
The US says it’s stepping up enforcement of the price cap on Russian oil in a new phase for the measure that was imposed by the G-7 after the invasion of Ukraine https://t.co/YFcIvvPihq
US sanctions two oil shippers for violating Russian price cap https://t.co/NG4tEgICns
US sanctions two tanker owners for carrying Russian oil above price cap https://t.co/4IV2viFDjG https://t.co/AmPuy9tTDN
The US says it’s stepping up enforcement of the price cap on Russian oil in a new phase for the measure that was imposed by the G-7 after the invasion of Ukraine https://t.co/4soDthlQFL
The US says it’s stepping up enforcement of the price cap on Russian oil in a new phase for the measure that was imposed by the G-7 after the invasion of Ukraine https://t.co/gyTNlVPOiG
Treasury and G7 stepping up enforcement of price cap on Russian oil https://t.co/6hBLKBlXE5
US is stepping up enforcement of Russian oil cap of $60/bbl Don't know how they will do it, but should lower tax revenue going to Russia to fund their never ending war
US IMPOSES NEW SANCTIONS OVER PRICE CAP ON RUSSIAN OIL -US TREASURY DEPARTMENT STATEMENT
🛢️ US SANCTIONS TWO TANKER OWNERS FOR CARRYING RUSSIAN OIL ABOVE PRICE CAP Full Story → https://t.co/GZBS7UsnjJ The Biden administration imposed sanctions on two owners of tankers that carried Russian oil above the G7 price cap of $60 a barrel, one based in Turkey and one… https://t.co/rYSf369k4k
🛢️ US IMPOSES NEW SANCTIONS OVER PRICE CAP ON RUSSIAN OIL -US TREASURY DEPARTMENT STATEMENT #oott
YELLEN SAYS OIL PRICE CAP HAS 'SIGNIFICANTLY' CUT RUSSIA'S REVENUES (Reuters) U.S. Treasury Secretary Janet Yellen on Wednesday said a G7-led price cap on Russian oil had sharply reduced Russian revenues over the past 10 months, and that it was critical to keep imposing severe… https://t.co/pO3hbRSUiu https://t.co/8dme49j5UU
🇷🇺🛢️ YELLEN SAYS OIL PRICE CAP HAS 'SIGNIFICANTLY' CUT RUSSIA'S REVENUES Full Story → https://t.co/6R1WwoDGl0 https://t.co/rd9GBnv2x2
US Treasury Secretary Yellen: the oil price cap has "significantly reduced" Russian revenue over the last 10 months while keeping energy markets stable.
⚠️ YELLEN SAYS OIL PRICE CAP HAS 'SIGNIFICANTLY' CUT RUSSIA'S REVENUES Full Story → https://t.co/6R1WwoDGl0 https://t.co/lBBxbcehbe
🔴 US TREASURY SECRETARY YELLEN: THE OIL PRICE CAP HAS "SIGNIFICANTLY REDUCED" RUSSIAN REVENUE OVER THE LAST 10 MONTHS WHILE KEEPING ENERGY MARKETS STABLE.
US SAYS RUSSIA IS VIOLATING OIL PRICE CAP, WILL TAKE ACTION *
Treasury Secretary Janet Yellen said the U.S. is ‘very likely’ to start enforcing the price cap on Russian oil: WSJ And show the world it is powerless to do so? https://t.co/0oIuM8mkP8
We're about to learn how well the G7 cap works. The historical link between Russia's current account (black) and oil tax revenues (blue) says Russia's Sep '23 current account surplus should be +$13 bn. Anything that's substantially lower is a sign the G7 cap is working well... https://t.co/LGCMqPHuSb