US designates 2 entities and 2 vessels in Venezuelan oil sector

OFAC’s 4 designations last week (10 May 2019) target two companies that operate in the oil sector of the Venezuelan economy and have moved oil to Cuba. The sanctions constitute “a direct response to SEBIN’s illegal arrest of National Assembly members”. Monsoon Navigation Corporation and its vessel Ocean Elegance, and Serenity Maritime Limited and its vessel Leon Dias have been...

This content is for subscribers only

To continue reading please login or subscribe.

VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

See profile for Michael O'Kane >