U.S. Steps Up Sanctions Against Venezuela’s Maritime Oil Trade



Stephen Cunningham|Bloomberg

The Trump administration escalated sanctions against Venezuela’s oil industry, targeting four maritime companies for supporting the “illegitimate” government of President Nicolas Maduro.

The Treasury’s Office of Foreign Assets Control also identified four tankers it said had continued to lift oil cargoes from Venezuelan ports in recent months as blocked property, according to a statement on Tuesday. Three of the companies are based in the Marshall Islands and one is based in Greece, according to Treasury.

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