On April 5, the US sanctioned two companies operating in Venezuela’s oil sector and one vessel used to transport oil to Cuba. Additional vessels, in which Venezuela’s state-owned oil company PDVSA has interests, are blocked property, according to Executive Order 13850. The US encouraged companies, banks, and other institutions not to provide services that support Maduro’s practices.
The US Department of the Treasury’s OFAC, the US Department of State and the US Coast Guard, updated information on North Korean sanctions, providing additional guidance on how to mitigate the risk of involvement in North Korea’s deceptive shipping practices.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated its Advisory to the maritime petroleum shipping community, to highlight risks associated with shipments to Syria. This advisory updates a previous one on 20 November 2018.