The Trump administration announced sanctions Tuesday on four shipping companies accused of transporting oil from Venezuela, in violation of U.S. sanctions against the country’s government.
Secretary of State Mike Pompeo said in a statement the four companies – three registered in the Marshall Islands and one in Greece – “are transporting oil that was effectively stolen from the Venezuelan people.”
Venezuelan President Nicolás Maduro has sought to skirt U.S. sanctions by trading with Iran, another country that’s subject to certain U.S. sanctions, touting what he calls “South to South cooperation.”
The sanctions were first published by the Treasury’s Office of Foreign Assets Control, which added both the companies and the ships themselves to its Specially Designated Nationals and Blocked Persons List (SDN).
The sanctions will allow the administration to block the companies from using international banking and purchasing insurance for their vessels.