Posted on April 10, 2019 by Ilias Kiritsis

The U.S. Department of Treasury has blacklisted a number of vessels and shipping firms in connection to the US sanctions in Venezuela.

More specifically, the Office of Foreign Assets Control (OFAC) on April 5th, designated two companies that had been operating within the Oil Sector of the Venezuelan economy as subject to U.S sanctions.

Furthermore, they identified one vessel that had been used to transport oil from Venezuela to Cuba.

“Cuba has been an underlying force fuelling Venezuela’s descent into crisis. Cuba continues to profit from, and prop up, the illegitimate Maduro regime through oil-for-repression schemes as they attempt to keep Maduro in power.

“Treasury is taking action against vessels and entities transporting oil, providing a lifeline to keep the illegitimate Maduro regime afloat,” said Treasury Secretary Steven Mnuchin in a statement.

The ship in question, is the Liberian-flagged Crude Oil Tanker, Despina Andrianna, which, according to the US Department of Treasury, delivered substantial amounts of crude oil from Venezuela to Cuba during the months of February and March, 2019.

The OFAC identified the tanker’s registered owner as Ballito Bay Shipping Inc., based out of Monrovia, Liberia and its operator as one ProPer In Management Inc., a company operating out of the port of Pireaeus, Athens, Greece.

The US Treasury also identified 34 other vessels as the blocked property of Venezuela’s PdVSA which had been placed under sanctions back in January.

Posted in US Sanctions , United States , Venezuela , South America

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