The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday (5 April) identified 35 vessels operating in the oil sector of the Venezuelan oil sector as ‘blocked property’ while adding two companies to its sanctions program due to relations with Cuba.
It identified the crude oil tanker Despina Andriann (IMO: 9182667) which transported oil from Venezuela to Cuba as blocked property; the vessel’s Monrovia-based registered owner Ballito Bay Shipping Incorporated, and Piraeus-based operator ProPer In Management Incorporated have been added to its sanctions program.
“Cuba has been an underlying force fueling Venezuela’s descent into crisis. Treasury is taking action against vessels and entities transporting oil, providing a lifeline to keep the illegitimate Maduro regime afloat,” said Treasury Secretary Steven T. Mnuchin.
“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.
“The United States remains committed to a transition to democracy in Venezuela and to holding the Cuban regime accountable for its direct involvement in Venezuela’s demise.”
Additionally, OFAC identified the following 34 vessels as blocked property as PdVSA has an interest in such vessels:
Photo credit: MarineTraffic / C.D.
Published: 8 April
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