Tag: US Sanctions

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an advisory to alert persons globally to the significant U.S. sanctions risks for parties involved in petroleum shipments. 

According to NorthStandard P&I Club, Venezuelan Mining Corporation (CVM) has announced the immediate suspension of the commercialisation and exportation of a wide range of minerals.

Venezuela's state oil company, PDVSA, has started using tankers that operate off radar to supply oil to Cuba, a crucial political ally, Reuters reports. 

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning ten individuals, entities, and vessels across multiple jurisdictions for engaging in the illicit transport of oil and other commodities, including for Houthi financial facilitator Sa’id al-Jamal.

According to Shipowner's P&I Club, the International Group of P&I Clubs has issued a circular advised to conclude all carriage of Venezuelan oil cargoes by 31 May 2024.

According to Bloomberg, the U.S. House approved new sanctions targeting Iran's oil sector as part of a foreign aid package, advancing the measure towards likely passage in the Senate within days.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning almost 300 individuals and entities related to Russia. 

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced its second price cap enforcement action of 2024, imposing sanctions on four entities and designating one vessel as blocked property.

On January 18, Venezuelan Vice-President Delcy Rodriguez met with the Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, in London.

Multiple U.S. Senators have taken a firm stance on Iran's alleged violation of U.S. sanctions, sending a letter to the Panama Maritime Authority to seek cooperation in investigating ships registered in Panama suspected of transporting Iranian oil.