The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on Friday took aim with sanctions at additional shipping companies and vessels that have been used to transport oil in support of the Venezuelan government.
The newly sanctioned entities, which were added to OFAC’s Specially Designated Nationals (SDN) List, are Marshall Islands-based Monsoon Navigation Corp. and its crude oil tanker Ocean Elegance and Liberia-based Serenity Maritime Ltd. and its oil tanker Leon Dias. Both vessels were identified as transporting Venezuelan oil to Cuba from late 2018 to March of this year.
“The U.S. will take further action if Cuba continues to receive Venezuelan oil in exchange for military support,” warned Treasury Secretary Steven Mnuchin (pictured above) in a statement.
U.S. persons are generally prohibited from doing business with persons or entities placed on OFAC’s SDN list.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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