OFAC VENEZUELA SANCTIONS CHANGES – SWISS-BASED OIL BROKER ADDED TO SANCTIONS LISTS

OFAC ISSUES AMENDED VENZUELA SANCTIONS AND FAQ

On 12 March, OFAC announced 3 amended General Licenses concerned with involvement with Venezuela, including one concerned with the winding down of business with Rosneft Trading SA or TNK Trading International SA.  In connection with the latter, OFAC also issued amended FAQ 817 and 818.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200312.aspx

 

OFAC ADDS TNK TRADING INTERNATIONAL TO ITS VENEZUELA SANCTIONS LISTS

On 12 March, OFAC announced that TNK TRADING INTERNATIONAL SA, a Swiss-based, Russian-owned oil brokerage company linked to Rosneft Trading, had been added to its sanctions lists.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200312.aspx

https://home.treasury.gov/news/press-releases/sm937

 

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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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