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U.S. Hits Four Shipping Firms, Nine Ships With New Sanctions For Carrying Venezuelan Oil
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12 Apr 2019 05:47 PM EST

According to a report by Reuters, on Friday, the United States announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the US Treasury Department said transported oil to Cuba. The U.S. Treasury reportedly identified the firms as Liberia-based Jennifer Navigation Ltd, Lima Shipping Corp and Large Range Ltd, and Italy-based PB Tankers S.P.A. Reuters reports that a Treasury statement accused Venezuela’s oil sector of continuing “to provide a lifeline to the illegitimate regime” of Venezuelan President Nicolas Maduro. Treasury Secretary Steven Mnuchin said in the statement, “We continue to target companies that transport Venezuelan oil to Cuba, as they are profiting while the Maduro regime pillages natural resources."

 

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