On 21 January, Reuters reported that Nynas, which is owned by Venezuela’s state-run PDVSA and Finland’s Neste Oil, said it planned to reorganise its business in an attempt to disentangle itself from US sanctions. The proposed changes have been filed with OFAC.
https://www.reuters.com/article/us-nynas-reconstruction/swedish-refiner-nynas-proposes-restructuring-to-escape-u-s-sanctions-idUSKBN1ZK1SQ
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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