U.S. Tightens Sanctions on Venezuela Oil Trade Amid Evasion and Production Cuts
TL;DR
The U.S. Treasury's OFAC sanctioned four companies and four oil tankers involved in Venezuela's oil sector, aiming to cut off financial resources to Maduro's regime and prevent sanctions evasion through a shadow fleet, as part of ongoing efforts to pressure the Venezuelan government.
- Treasury Targets Oil Traders Engaged in Sanctions Evasion for Maduro Regime U.S. Department of the Treasury (.gov)
- Venezuela Starts Shutting Oil Wells as US Blockade Halts Flows Bloomberg.com
- Residual fuel fills Venezuela's storage tanks as exports cut to minimum, sources say Reuters
- Trump administration ramps up sanctions targeting Venezuela oil trade The Hill
- Treasury targets oil traders, tankers accused of helping Maduro evade U.S. sanctions Fox News
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Read on U.S. Department of the Treasury (.gov)