The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.
Turkey has the next five days to maintain the ceasefire against Syrian and Kurdish forces before the U.S. sanctions are removed.
The Trump administration takes aim at financial assets of Turkish government agencies and officials linked to military strikes in Syria, but Congress may legislate broader sanctions in the days ahead.
The U.S. Treasury Department’s Office of Foreign Assets Control said three GE subsidiaries failed to use “reasonable care” by accepting payments from a Cuban entity associated with a Canadian customer.
The Treasury Department’s Office of Foreign Assets Control identified Moscow-based Maritime Assistance LLC as the head of a “sanctions evasion scheme” to deliver jet fuel to Syria.
Four ocean shipping firms and four tankers are added to the Office of Foreign Assets Control’s Specially Designated Nationals List for their roles in supporting Maduro regime.
The Treasury Department adds two banks to the Specially Designated Nationals and Blocked Persons List in response to Iran’s alleged involvement in missile attacks against Saudi Arabia’s oil facilities.
A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.
Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.
Treasury’s Office of Foreign Assets Control sanctioned 16 entities and 10 individuals, as well as 11 ships, which it identified as participants in an Iran-controlled “oil-for-terror” shipping scheme.
