On September 24, the United States designated four companies that operate in Venezuela’s oil sector as sanctioned, and identified as blocked property four vessels associated with this activity.
This action further targets Venezuela’s oil sector and the mechanisms used to transport oil to Nicolás Maduro’s Cuban benefactors, who continue to prop up the former regime. These sanctions are a follow-on to the designations and identifications announced on April 5 and 12 that targeted entities and vessels known to be involved in the transportation of crude oil from Venezuela to Cuba.
With this action, the sanctioned entities will be denied access to the U.S. financial system. In addition, a freeze will be placed on these entities’ U.S. assets.
The United States will continue to work with our democratic partners in the region and around the world to support Interim President Guaidó, the democratically elected National Assembly, and the people of Venezuela as they seek to restore constitutional order and democracy to their country.
For more information on today’s action, please refer to the U.S. Department of the Treasury: https://home.treasury.gov/news/press-releases/sm784.