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Four shipping firms, 9 ships, carrying Venezuelan oil fall afoul of US law

THE United States has placed more sanctions on shipping companies transporting oil from Venezuela, with four shipping firms and nine vessels being blacklisted amid US Treasury Department claims that some of them were transporting oil to Cuba

Four shipping firms, 9 ships, carrying Venezuelan oil fall afoul of US law

THE United States has placed more sanctions on shipping companies transporting oil from Venezuela, with four shipping firms and nine vessels being blacklisted amid US Treasury Department claims that some of them were transporting oil to Cuba

17 April 2019 - 19:00

THE United States has placed more sanctions on shipping companies transporting oil from Venezuela, with four shipping firms and nine vessels being blacklisted amid US Treasury Department claims that some of them were transporting oil to Cuba.

The US Treasury identified the firms as Liberia-based Jennifer Navigation Ltd, Lima Shipping Corp and Large Range Ltd, and Italy-based PB Tankers SPA.



It blacklisted one tanker belonging to each of the Liberian firms and six owned by the Italian firm, reported Reuters.



'We continue to target companies that transport Venezuelan oil to Cuba, as they are profiting while the [Venezuelan President Nicolas] Maduro regime pillages natural resources,' Treasury Secretary Steven Mnuchin said in the statement.


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