Sanctions ahoy! OFAC designates a raft of Venezuelan cargo vessels (and more)

On Friday, OFAC designated the following 2 entities:

BALLITO BAY SHIPPING INCORPORATED (a.k.a. BALLITO BAY SHIPPING INC), 80 Broad Street, Monrovia, Liberia; Identification Number IMO 5804961 [VENEZUELA-EO13850]. 

 

PROPER IN MANAGEMENT INCORPORATED (a.k.a. PROPER IN MANAGEMENT INC), 2, Gounari Street, Piraeus, Athens 185 31, Greece; 2 D Gounari Street, Piraeus, Greece; Identification Number IMO 5766343 [VENEZUELA-EO13850].

and all these cargo vessels:


AMAPOLA 1 Tug Venezuela flag; Vessel Registration Identification IMO 9717357 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

AMUAY Tug Venezuela flag; Vessel Registration Identification IMO 9432658 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO I Tug Venezuela flag; Vessel Registration Identification IMO 9584762 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO II Tug Venezuela flag; Vessel Registration Identification IMO 9513323 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO III Tug Venezuela flag; Vessel Registration Identification IMO 9585819 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO IV Tug Venezuela flag; Vessel Registration Identification IMO 9556947 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO IX Tug Venezuela flag; Vessel Registration Identification IMO 9557915 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO V Tug Venezuela flag; Vessel Registration Identification IMO 9542518 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO VI Tug Venezuela flag; Vessel Registration Identification IMO 9557549 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO VII Tug Venezuela flag; Vessel Registration Identification IMO 9588990 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO VIII Tug Venezuela flag; Vessel Registration Identification IMO 9564695 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO X Tug Venezuela flag; Vessel Registration Identification IMO 9564126 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO XI Tug Venezuela flag; Vessel Registration Identification IMO 9513311 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO XII Tug Venezuela flag; Vessel Registration Identification IMO 9513282 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO XIII Tug Venezuela flag; Vessel Registration Identification IMO 9513294 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO XIV Tug Venezuela flag; Vessel Registration Identification IMO 9513270 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO XV Tug Venezuela flag; Vessel Registration Identification IMO 9513268 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

BICENTENARIO XVI Tug Venezuela flag; Vessel Registration Identification IMO 9513309 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

CARIBE Tug Venezuela flag; Vessel Registration Identification IMO 9540895 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

CAYAURIMA Tug Venezuela flag; Vessel Registration Identification IMO 9688805 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

CUMANAGOTO Tug Venezuela flag; Vessel Registration Identification IMO 9540883 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

DESPINA ANDRIANNA Crude Oil Tanker Liberia flag; Vessel Registration Identification IMO 9182667 (vessel) [VENEZUELA-EO13850] (Linked To: BALLITO BAY SHIPPING INCORPORATED). 

 

GARDENIA Tug Panama flag; Vessel Registration Identification IMO 9739898 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

GP-21 Drilling Ship Venezuela flag; Vessel Registration Identification IMO 8767953 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

GP-23 Drilling Ship Venezuela flag; Vessel Registration Identification IMO 8767977 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

JAZMIN Tug Venezuela flag; Vessel Registration Identification IMO 9662643 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

L-409 Drilling Ship Venezuela flag; Vessel Registration Identification IMO 8772049 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

MANAURE Tug Venezuela flag; Vessel Registration Identification IMO 9670987 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

MARA Tug Venezuela flag; Vessel Registration Identification IMO 9670999 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

MARGARITA 1 Tug Venezuela flag; Vessel Registration Identification IMO 9671668 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

PDVSA CARDON Tug Venezuela flag; Vessel Registration Identification IMO 9432660 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

SABANETA Tug Venezuela flag; Vessel Registration Identification IMO 9667813 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

TRIBILIN Tug Venezuela flag; Vessel Registration Identification IMO 9693240 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

URDANETA Tug Venezuela flag; Vessel Registration Identification IMO 7912111 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.). 

 

YORACO Tug Venezuela flag; Vessel Registration Identification IMO 9688790 (vessel) [VENEZUELA-EO13850] (Linked To: PETROLEOS DE VENEZUELA, S.A.).

under its Venezuela sanctions program.

And the State Department:

The United States Sanctions Companies Enabling Shipment of Venezuelan Oil to Cuba

Media Note

Office of the Spokesperson

Washington, DC

April 5, 2019


Today, the United States sanctioned two companies, Ballito Bay Shipping Inc. and ProPer in Management Inc., operating in Venezuela’s oil sector and the vessel Despina Andrianna used to transport oil to Cuba. Additional vessels, in which Venezuela’s state-owned oil company PDVSA has interests, are being identified as blocked property, pursuant to Executive Order 13850. These actions target entities and vessels that have been enabling the former Maduro regime to continue undermine the prosperity and democracy that Venezuelans deserve.

The former Maduro regime continues to line its pockets with the profits from natural resources that properly belong to the people of Venezuela. Meanwhile, Cuba is propping up the former regime and facilitating its repression of the Venezuelan people, through its military and intelligence support to Maduro.

The United States is taking action to curtail this and other ongoing corrupt activities of Nicolas Maduro and malign actors. We encourage companies, banks, and other institutions to refrain from providing services that support his repressive practices. We also urge countries to take appropriate legal measures to deprive Maduro and his cronies of assets held overseas and to prevent travel to their countries.

We will continue to use the full weight of U.S. economic and diplomatic power to complete the peaceful transition to a once-again free, prosperous and stable Venezuela.

and the Treasury Department:

Treasury Sanctions Companies Operating in the Oil Sector of the Venezuelan Economy and Transporting Oil to Cuba

Washington – Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two companies operating in the oil sector of the Venezuelan economy, pursuant to E.O. 13850, as amended.  Additionally, OFAC identified one vessel, which transported oil from Venezuela to Cuba, as blocked property that is owned by one of these companies.  Separately, OFAC is also identifying 34 vessels as blocked property of Petroleos de Venezuela, S.A. (PdVSA), which was designated on January 28, 2019, for operating in the oil sector of the Venezuelan economy.  The United States continues to take strong action against the illegitimate regime of former President Nicolas Maduro, not only to isolate corrupt Venezuelan enterprises, but also to target Maduro’s supporters in Havana who continue to enable the oppression of the people of Venezuela.

“Cuba has been an underlying force fueling Venezuela’s descent into crisis.  Treasury is taking action against vessels and entities transporting oil, providing a lifeline to keep the illegitimate Maduro regime afloat,” said Treasury Secretary Steven T. Mnuchin.  “Cuba continues to profit from, and prop up, the illegitimate Maduro regime through oil-for-repression schemes as they attempt to keep Maduro in power.  The United States remains committed to a transition to democracy in Venezuela and to holding the Cuban regime accountable for its direct involvement in Venezuela’s demise.”

The relationship between Cuba and Venezuela hinges on a two-decade long political, security, and economic alliance, particularly given Cuba’s reliance on a barter system for Venezuelan oil imports.  Cuba is a major importer of crude oil from Venezuela, and in return, sends assistance to Venezuela in the form of political advisors, intelligence and military officials, and medical professionals, all of whom are used to ensure Maduro’s hold on power and complete social control over the people of Venezuela.  Cuba’s influence has contributed to Venezuela’s failure.  Maduro continues to send aid to Cuba as Venezuelans suffer from a deepening humanitarian crisis while denying entry to food, medicine, and other supplies provided by the United States and our allies and partners.

Today’s action sheds light on the lifeline that Venezuela’s oil industry provides to the illegitimate regime of former President Maduro, targeting two companies that operate in the oil sector of the Venezuelan economy, delivering oil to Cuba on the vessel, Despina Andrianna:

  • Despina Andrianna is a crude oil tanker (IMO: 9182667) that delivered crude oil from Venezuela to Cuba during February and March of 2019.
  • Ballito Bay Shipping Incorporated is based in Monrovia, Liberia, and is the registered owner of the vessel, Despina Andrianna.
  • ProPer In Management Incorporated is based in the port city of Piraeus, Athens, Greece, and is the operator of the vessel, Despina Andrianna.

Additionally, OFAC identified the following 34 vessels as blocked property as PdVSA has an interest in such vessels:

  • AMAPOLA 1
  • AMUAY
  • BICENTENARIO I
  • BICENTENARIO II
  • BICENTENARIO III
  • BICENTENARIO IV
  • BICENTENARIO V
  • BICENTENARIO VI
  • BICENTENARIO VII
  • BICENTENARIO VIII
  • BICENTENARIO IX
  • BICENTENARIO X
  • BICENTENARIO XI
  • BICENTENARIO XII
  • BICENTENARIO XIII
  • BICENTENARIO XIV
  • BICENTENARIO XV
  • BICENTENARIO XVI
  • CARIBE
  • CAYAURIMA
  • CUMANAGOTO
  • GARDENIA
  • GP-21
  • GP-23
  • JAZMIN
  • L-409
  • MANAURE
  • MARA
  • MARGARITA 1
  • PDVSA CARDON
  • SABANETA
  • TRIBILIN
  • URDANETA
  • YORACO

For information about the methods that Venezuelan senior political figures, their associates, and front persons use to move and hide corrupt proceeds, including how they try to exploit the U.S. financial system and real estate market, please refer to Treasury’s Financial Crimes Enforcement Network (FinCEN) advisories FIN-2017-A006, “Advisory on Widespread Public Corruption in Venezuela,” and FIN-2017-A003, “Advisory to Financial Institutions and Real Estate Firms and Professionals.”

As a result of today’s action, all property and interests in property of these entities, and of any entities that are owned, directly or indirectly, 50 percent or more by the designated entities, that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC.  OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons.

U.S. sanctions need not be permanent; sanctions are intended to bring about a positive change of behavior.  The United States has made clear that the removal of sanctions is available for persons designated under E.O. 13692 or E.O. 13850, both as amended, who take concrete and meaningful actions to restore democratic order, refuse to take part in human rights abuses, speak out against abuses committed by the Maduro regime, and combat corruption in Venezuela.

issued press releases.

Links:

OFAC Notice

Press Releases: State Department, Treasury Department

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s