Will Venezuela sanctions spark another tanker spike?
More forgiving sanctions approach would avoid rate surge seen after COSCO sanctions.
More forgiving sanctions approach would avoid rate surge seen after COSCO sanctions.
The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons List.
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to transport sanctioned Venezuelan oil.
The Treasury Department agency is closely monitoring vessel name changes used by Venezuelan and Cuban authorities to sidestep U.S. trade sanctions.
The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.