The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has blacklisted another six tankers operated by the Venezuelan government-controlled oil company Petroleos de Venezuela, S.A. (PdVSA).
OFAC said it has targeted Venezuelan oil shipments because the proceeds from the sales are used to finance the Maduro regime.
The blacklisted vessels are the Icaro, Luisa Caceres de Arismendi, Manuela Saenz, Paramaconi, Terepaima and Yare. All but the Icaro, which is registered to Panama, operate under the Venezuelan flag.
The agency also identified the Greek-flagged tanker Esperanza as blocked property of Caroil Transport Marine Ltd. The vessel previously had been listed on OFAC’s Specially Designated Nationals and Blocked Persons (SDN) List as the Nedas on April 12.
“Cuba and the former Maduro regime continue trying to circumvent sanctions by changing the names of vessels and facilitating the movement of oil from Venezuela to Cuba,” said Treasury Deputy Secretary Justin Muzinich in a statement.
OFAC said Cuba received Venezuelan oil on the blocked tankers this fall. During this same time period, PdVSA invoiced Cubametales, the Cuban state-run oil import and export company, for roughly 1.3 million barrels of fuel oil delivered this summer. On July 3, OFAC added Cubametales to the SDN List.
The money received from the oil shipments to Cuba was transferred to a Russian bank account, OFAC said.
OFAC’s regulations generally prohibit U.S. business transactions with entities and persons placed on the SDN List.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now