The United States has expanded sanctions targeting Cuba’s oil shipping network, identifying five tankers and imposing restrictions on companies involved in maritime operations.
O n November 5, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions targeting eight companies and two individuals allegedly involved in supporting Cuba’s military activities and generating revenue for its government. The measures also include five Cuban-flagged tankers, comprising crude oil, chemical/product and LPG carriers.
According to OFAC’s official sanctions update, two vessels have been newly added to the Specially Designated Nationals and Blocked Persons (SDN) List, while the entries for three previously sanctioned vessels have been updated to include additional Cuba-related restrictions.
The sanctions also target shipping companies registered in Cyprus, Panama and Cuba, including entities involved in vessel ownership, commercial management and maritime transportation.
As stated, several of the affected vessels and companies were already subject to US sanctions under measures associated with Venezuela. The latest action extends their designation under E...