Saudi Arabia & United States — Office of Foreign Assets Control

Saudi Arabia: Saudi Arabia imported €328 million of Russian oil products, ranking fifth among buyers in December.

United States — Office of Foreign Assets Control: The U.S. United States — Office of Foreign Assets Control (OFAC) imposed sanctions on Russian oil producers like Rosneft and Lukoil, which directly caused Indian refiners to cut or halt imports from these entities.

United States — Office of Foreign Assets Control: The United States — Office of Foreign Assets Control is the US government agency responsible for implementing and enforcing sanctions, and it is proposed to issue temporary waivers for Iran's oil sector.

United States — Office of Foreign Assets Control: The United States — Office of Foreign Assets Control issued warnings to financial institutions and ships regarding sanctions risks associated with importing Iranian oil and making 'toll' payments for passage through the Strait of Hormuz.