The week of June 1, 2020, sees additional steps in the sanctions targeting Venezuela and Iran
Last week saw significant developments in the U.S. sanctions programs targeting Venezuela and Iran.
Venezuelan Sanctions – Designations against PdVSA
Foreign shipowners trading with Venezuela should exercise caution to be certain that any remittances made through the U.S.
The UK P&I Club have received the following update from correspondents Pandi Ocean, regarding the newly created digital currency 'Petro' by the Venezuelan government.
The UK P&I Club have received the following circular from Globalpandi, regarding a maritime and air traffic ban to Aruba, Bonaire and Curacao from Venezuela.
In July and August of 2017 the U.S issued another Executive Order expanding on the sanctions against Venezuela.
The UK P&I Club have received the following circular from correspondents Venepandi, regarding six oil product tankers that are currently docked at the Paraguana Refining Center (CRP).
Sanctions to Venezuela's vice president
US Department of Treasury imposed sanctions yesterday against Venezuela's Vice President Tarek El Aissami and his primary frontman in the US. His assets in the US were seized (bank accounts, corporations, real property), and US nationals and entities prohibited to trade with them.