On 26th November, OFAC announced that CORPORACION PANAMERICANA SA of Havana had been added to the Venezuelan sanctions lists. It is designated for being owned or controlled by, or having acted for or on behalf of, Cubametales, which was designated in July for operating in the oil sector of the Venezuelan economy. The US Treasury says that Cubametales, the Cuban state-run oil import and export company, has faced significant pressure as businesses refuse to conduct business with them as a result of its designation, and Corporacion Panamericana S.A. replaced Cubametales in various energy deals and international commercial dealings with several countries.
This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y