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US sanctions companies sending Venezuelan oil to Cuba

AFP  |  Washington 

The Treasury has unveiled financial sanctions on four maritime shipping companies and nine of their tankers over crude deliveries to Cuba, to pressure to end support for

The sanctions raise pressure on the "the illegitimate regime of former Nicolas Maduro," the Treasury said in a statement on Friday.

"We continue to target companies that transport Venezuelan to Cuba, as they are profiting while the Maduro regime pillages natural resources," Treasury said in the statement.

"Venezuela's belongs to the Venezuelan people and should not be used as a bargaining tool to prop up dictators and prolong oppression." Mnuchin said that since losing popular support, Maduro has been relying on the support of and to remain in power.

is suffering an economic collapse and humanitarian crisis including shortages of and medicine and the exodus of millions of people.

The US sanctions targeted three Liberian shipping corporations and one based in Of the nine tankers penalised, four had delivered Venezuelan crude to

The sanctions freeze US-based assets of the company and also block them from much of the global financial system.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 13 2019. 02:00 IST