OFAC designated four entities and identified four
ships controlled by those entities as "blocked property."
The ships were engaged in transporting oil and other petroleum
products from Venezuela to Cuba.
Treasury Secretary Steven T. Mnuchin stated that the
designations were part of continuing U.S. actions against the
"illegitimate Maduro regime and the malign foreign actors who
support it." The U.S. actions targeted Venezuela's oil
sector and "Cuban benefactors [that] provide a lifeline to the
Maduro regime and enable its repressive security and intelligence
apparatus."
OFAC restated that "all property and interests in property
of these entities, and of any entities that are owned, directly or
indirectly, 50 percent or more by the designated entities, that are
in the United States or in the possession or control of U.S.
persons are blocked and must be reported to OFAC. OFAC's
regulations generally prohibit all transactions by U.S. persons or
within (or transiting)
