U.S sanctions 11 entities, 3 Individuals for assisting Nicholas Maduro

F.P Report

WASHINGTON: Michael R. Pompeo, Secretary of State on Tuesday has announced that United States has sanctioned three individuals and 11 entities for their ties to a network helping Nicolas Maduro and his illegitimate regime evade U.S. sanctions on Venezuela’s oil sector. 

He also provided more details saying that this action builds on previous sanctions targeting individuals and entities involved in a sanctions-evasion scheme benefitting the illegitimate Maduro regime and Petroleos de Venezuela, S.A. (PdVSA), which the regime uses as its primary conduit for corruption to exploit and profit from Venezuela’s natural resources. 

The principal actors in the evasion network include Alessandro Bazzoni, Francisco Javier D’Agostino Casado, Philipp Paul Vartan Apikian, Elemento Ltd, and Swissoil Trading SA, Pompeo commented.

Additionally, OFAC is designating three companies located in Russia, Ukraine, and Venezuela, and identifying as blocked property six vessels that have recently been involved in the lifting and transport of Venezuelan oil, the statement adds.

Moreover, Secretary of State remarked that this action aims to increase pressure on international shipping entities to disengage from the Venezuelan oil sector and further limit the illegitimate Maduro regime’s options for selling oil.

While commenting on Maduro, Pompeo commented that those facilitating Maduro’s attempts to circumvent U.S. sanctions enable him to continue his repressive practices against the Venezuelan people while pillaging Venezuela’s resources to enrich himself and his cronies.

 The United States remains committed to promoting accountability for those involved in facilitating illegitimate transactions that benefit Maduro and his corrupt network while contributing to the suffering of the Venezuelan people, he said.

While concluding Secretary of State reaffirmed that U.S will continue to use the full weight of U.S. economic and diplomatic power to promote the peaceful transition to a once-again free, prosperous, and stable Venezuela.