The U.S. Justice Department is investigating an oil trader for violating the G7 price cap and Western sanctions against Russia.
The U.S. Justice Department is investigating whether Murtaza Lakhani, founder and CEO at oil trader Mercantile & Maritime Group, traded Russian oil in violation of the G7 price cap and Western sanctions against Russia, The Wall Street Journal reported on Monday, quoting sources with knowledge of the matter. Under the sanctions enforced by the U.S.
In July, a spokesman for Lakhani told WSJ that the businessman and every company in which he has an interest were no longer involved in Russian oil trades. The sanctions and the G7 price cap were intended to reduce Putin’s revenues from oil while still keeping crude and products out of Russia flowing to the international market. Russia’s top crude oil customers are now China and India, where most of Moscow’s oil goes after the Western embargo came into effect at the end of 2022.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Met Police used EncroChat data in organised crime crackdownOperation Eternal investigates the use of encrypted devices to organise drug deals and launder cash.
Read more »
Luke Humphries beats Gerwyn Price to claim first major title at World Grand Prixitemprop=description content=Victory moves him up to fourth in the world and is the biggest title of a blossoming career, with a £120,000 payday.
Read more »
Luke Humphries beats Gerwyn Price to claim first major title at World Grand Prixitemprop=description content=Victory moves him up to fourth in the world and is the biggest title of a blossoming career, with a £120,000 payday.
Read more »
Wedding guests rushed to help man hit by car in major crashThe man is fighting for his life after the crash between an Audi TT and a private hire taxi
Read more »
Residents and businesses across Jersey told to turn off gas supplies after major system faultJersey's gas network has been shut down after a major power fault. Customers are being urged to switch off any related appliances and turn off their gas supply.
Read more »
Major landslide on Scots road sees 10 people airlifted to safetyHM Coastguard has confirmed that a search and rescue helicopter was sent to airlift a number of people stranded on the A83 near Inveraray, Argyll and Bute, on Saturday morning.
Read more »