Treasury expands sanctions on oil companies in Venezuela

The targeted companies are Corniola Limited, Krape Myrtle Co, Winky International Limited, and Aries Global Investment. Three of them are based in China, while one is based in Hong Kong. “Maduro’s regime increasingly depends on a shadow fleet of worldwide vessels to facilitate sanctionable activity, including sanctions evasion, and to generate revenue for its destabilizing operations,” the national treasury’s office said in a statement. “Today’s action further signals that those involved in the Venezuelan oil trade continue to face significant sanctions risks.” “President Trump has been clear: We will not allow the illegitimate Maduro regime to profit from exporting oil…