U.S. lifts sanctions on Russian container ships

Nation

31 March, 07:58 PM

The U.S. Treasury lifted sanctions on three Russian container ships, the department’s Office of Foreign Assets Control (OFAC) announced on March 31.

OFAC removed restrictions on the container vessels Fesco Moneron, Fesco Magadan, and Sv Nikolay. All three vessels sail under the Russian flag, the Treasury said.

Photo: ofac.treasury.gov

On Feb. 4, Bloomberg reported, citing European government officials, that the United States had prepared additional sanctions against Russia, though there were no signs they had been imposed.

Treasury Secretary Scott Bessent has said Washington is considering tougher sanctions on Russia and that any further measures would depend on the progress of peace talks.

On Feb. 19, President Donald Trump formally extended sanctions on Russia for another year, continuing measures imposed by U.S. presidents in 2014, 2018 and 2022.

On March 21, the Treasury removed two Russian nationals, Yuri and Lidiya Korzhaviny, from OFAC’s sanctions lists. The couple had been added in May 2024 as part of a package targeting Russia’s military-industrial base and sanction-evasion networks; OFAC said they were included because of their work in Russia’s transportation sector.

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