The US tightened sanctions against Venezuela

The black list was introduced four companies and nine oil tankers, associated with the Bolivarian Republic

The US tightened sanctions against Venezuela on Friday and blacklisted four companies and nine oil tankers associated with the Bolivarian Republic. This is stated in a statement issued by the US Ministry of Finance.

Restrictions were imposed against three shipping companies from Liberia and another from Italy. The sanctions also included two tankers under the Italian flag, four under the Maltese, two under the Greek and one under the Panamanian.

According to the Ministry of Finance, the blacklisted companies “work in the oil sector of the Venezuelan economy”, and tankers owned by these companies are engaged in the transportation of oil from Venezuela to Cuba. “The United States continues to take decisive measures against the illegitimate regime of former President Nicolas Maduro and those who support the Maduro regime and contribute to the humanitarian crisis in Venezuela”, the Ministry said.

“We continue to impose restrictions against companies that transport Venezuelan oil to Cuba, as they make a profit while the Maduro regime plunders natural resources. Venezuelan oil belongs to the Venezuelan people and should not be used as a means of obtaining benefits in order to support dictators and continue harassment, – said Finance Minister Steven Mnuchin. “Maduro relies on the support he receives from the Cuban military and intelligence services to hold on power because he does not have the support of the Venezuelan people”.

Last week, the United States included in the sanctions list two companies operating in the Venezuelan oil sector, one owned tanker involved in the transportation of oil from the Bolivarian Republic to Cuba, as well as 34 vessels of the state oil company PDVSA. 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.

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