U.S. Approves New Sanctions on Russia, Iran Energy


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The United States announced on Friday (8/7) new 
sanctions aimed at Russia and Iran in a bid to rein in the energy exports, 
trade networks and revenue streams of both countries.

   The U.S. Treasury Department added 13 entities to its Iran-related sanctions 
list to block financial networks supporting Tehran's energy transport and 
regional operations.

   The new measures add to a growing list of U.S. sanctions targeting Tehran's 
shadow fleet and oil trade. Since the start of this year alone, Washington has 
sanctioned more than 100 Iranian-linked vessels and energy entities to curb 
what it called illicit crude oil flows.

   Concurrent with the Treasury Department action, lawmakers In the Senate 
passed a bill negotiated by the late Senator Lindsey Graham that imposed 
economic penalties and tariffs on Russia's energy trade, while targeting as 
well foreign institutions facilitating Moscow's military operations against 
Ukraine.

   The legislative package expands on thousands of U.S. designations targeting 
Moscow's energy infrastructure, dark fleet tankers and international financial 
intermediaries that attempt to bypass existing price caps and commercial 
restrictions.




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