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The Biden administration has lifted sanctions on Italian oil firms that the former Trump administration blacklisted on its final day in office over ties to Venezuela’s restricted oil sector.
The Treasury Department on Wednesday removed the special designation of four entities related to Alessandro Bazzoni, who is described as the head of oil trading firms alleged to be part of an illicit network aimed at moving Venezuelan oil in violation of U.S. sanctions.
The entities include Serigraphiclab, AMG S.A.S. Di Alessandro Bazzoni & C.; AMG S.A.S. Di Alessandro Bazzoni E C.; and AMG S.A.S. Di Alessandro Bazzoni And C.
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