The US imposed sanctions against 35 ships and two companies associated with the Venezuelan oil sector

The United States made in the sanctions list two companies operating in the Venezuelan oil sector and one vessel belonging to it that transported oil from the Bolivarian Republic to Cuba, as well as 34 vessels of the Venezuelan company PDVSA. This was reported on Friday by the press service of the US Treasury.

“Today, the Office of foreign assets control [OFAC] blacklisted two companies operating in the oil sector of the Venezuelan economy”, the statement said. According to the Ministry of Finance, we are talking about Balluta Bay Shipping Incorporated, registered in Liberia, and ProPer In Management Incorporated, registered in Greece. The first is the owner of a tanker on the sanctions list that carried oil to Cuba, and the second is the operator company.

Apart from this, OFAC established the ownership of 34 vessels to the PDVSA Company, which was listed on January 28, 2019 for working in the oil sector of the Venezuelan economy. They are also extended sanctions, the document says.

“Cuba is the force behind Venezuela plunging into crisis. The Ministry of Finance is taking measures against ships and legal entities engaged in the transportation of oil and thus contribute to the preservation of the illegitimate regime of Maduro”, — said the US Treasury Secretary Steven Mnuchin.
Getting into the sanctions list means freezing of assets in the United States and a ban for American citizens or companies to do business with its defendants.

Venezuela in recent years has been experiencing an acute socio-economic crisis, accompanied by hyperinflation and devaluation of the national currency. This year, the situation was complicated by a sharp aggravation of the confrontation between the government and its political opponents.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor