00:00 It's Benzinga and here's what's on the block.
00:02 The US Treasury is intensifying its hunt for vessels and shipping companies violating sanctions
00:06 on Russian oil exports, sanctioning three takers and their operators on Thursday.
00:10 The Treasury is also investigating around 30 ship management companies covering 100
00:14 vessels on suspicion of violating the oil price cap on Russian crude.
00:18 It sent warning letters requesting documentation.
00:21 Identifying sanctions violators is complicated by the murky ownership structures of shipping
00:24 companies and the use of intermediaries in oil trades.
00:28 Around 30% of Russian oil exports from European ports still use vessels with EU ownership.
00:32 For all things money, visit Benzinga.com.
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