Home >> Featured >> Featured News >> Trump Administration Takes Action to End Cuba’s Malign Influence on Venezuela

Trump Administration Takes Action to End Cuba’s Malign Influence on Venezuela

Today, the United States sanctioned four companies for operating in the oil sector of the Venezuelan economy and identified nine vessels as blocked property, pursuant to Executive Order 13850. These actions are a follow-on to the designations announced on April 5, which targeted entities and vessels known to be involved in the transportation of crude oil from Venezuela to Cuba.

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four companies that operate in the oil sector of the Venezuelan economy, pursuant to E.O. 13850, as amended.  Additionally, OFAC identified nine vessels, some of which transported oil from Venezuela to Cuba, as blocked property owned by the four companies.  The United States is continuing to take strong action against the illegitimate regime of former President Nicolas Maduro, to include those that prop up Maduro’s regime and contribute to Venezuela’s humanitarian crisis.

Venezuela’s ongoing democratic transition is being impeded by malign actors that continue to prop up the former Maduro regime. Venezuelans lack access to basic necessities, such as water, electricity and adequate health care, while Maduro and his cronies continue to enrich themselves and strip Venezuela of its natural assets.

“We continue to target companies that transport Venezuelan oil to Cuba, as they are profiting while the Maduro regime pillages natural resources.  Venezuela’s oil belongs to the Venezuelan people, and should not be used as a bargaining tool to prop up dictators and prolong oppression,” said Treasury Secretary Steven T. Mnuchin.  “Maduro relies on the support he receives from the Cuban military and intelligence services to retain his hold on power because he does not have the support of the Venezuelan people.”

(Article Continues Below Advertisement)

Today’s action further targets Venezuela’s oil sector, which continues to provide a lifeline to the illegitimate regime of former President Maduro: 

  • Jennifer Navigation Limited is based in Monrovia, Liberia, and is the registered owner of Nedas.
    • Nedas is a crude oil tanker (IMO: 9289166) that delivered crude oil from Venezuela to Cuba during January and March of 2019.
  • Lima Shipping Corporation is based in Monrovia, Liberia, and is the registered owner of New Hellas.
    • New Hellas is a crude oil tanker (IMO: 9221891) that delivered crude oil from Venezuela to Cuba during February and March 2019.
  • Large Range Limited is based in Monrovia, Liberia, and is the registered owner of
    S-Trotter.
    • S-Trotter is an oil products tanker (IMO: 9216547) that delivered oil products from Venezuela to Cuba during February and March 2019.
  • PB Tankers S.P.A. is based in Italy, and is the registered owner of several vessels, including Silver Point, Alba Marina, Gold Point, Ice Point, Indian Point, and Iron Point.
    • Silver Point is a chemical and oil tanker (IMO: 9510462) that delivered oil products from Venezuela to Cuba during March 2019.
    • Alba Marina is a floating storage tanker (IMO: 9151838).
    • Gold Point is a chemical and oil tanker (IMO: 9506693).
    • Ice Point is a chemical and oil tanker (IMO: 9379337).
    • Indian Point is a chemical and oil tanker (IMO: 9379325).
    • Iron Point is a chemical and oil tanker (IMO: 9388209).
       

As a result of today’s action, all property and interests in property of these entities, and of any entities that are owned, directly or indirectly, 50 percent or more by the designated entities, that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC.  OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons.

Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!

About R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

One comment

  1. Dove Peace Maker

    Speaking of Malignant, How about the Troika of Racist Genocidal Assholes: The US, Israel and Saudi Arabia. You know, the people who attacked the US on 9/11.

Leave a Comment

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!