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Treasury targets Venezuelan oil shipments to Cuba
The Treasury Department announced Tuesday that OFAC has identified six vessels as blocked property of Petroleos de Venezuela, S.A. (PdVSA) under the authority of Executive Order 13884, which blocks the property and interests in property of the Government of Venezuela. Additionally, OFAC identified the vessel Esperanza as blocked property of Caroil Transport Marine Ltd., which was designated on September 24, 2019, for operating in the oil sector of the Venezuelan economy. The Esperanza was previously listed as the Nedas on the SDN List, which was identified as blocked property on April 12, 2019. For further identification information on the seven vessels, see BankersOnline's OFAC Update.