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NEW YORK (Reuters) - In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.
Satellite image captured by Planet Labs and verified by TankerTrackers.com, shows the Alastayir oil tanker (green, top) in a position to conduct a ship-to-ship transfer of crude with the Afra Royal oil tanker (bottom, red) in the Straits of Malacca, Malaysia October 17, 2020. Planet Labs/via REUTERS
Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude.
Report: UAE companies smuggling Venezuela oil, despite US sanctions
A Petroleos de Venezuela SA (PDVSA) worker pumps gas in a car in Caracas, on 21 May 2019. [MARVIN RECINOS/AFP via Getty Images] December 31, 2020 at 9:54 am
Three companies based in the United Arab Emirates (UAE) have helped export millions of barrels of crude oil and fuel produced by state-run Petroleos de Venezuela SA (PDVSA) since the US imposed stifling sanctions on Venezuela in June, a
Reuters reported has discovered.
The news service said the companies; Muhit Maritime, Issa Shipping FZE and Asia Charm Ltd helped export $208.5 million worth of Venezuelan oil – 3.9 per cent of the country s total oil exports in 2020 through to 18 December.
Союзник США помогает Венесуэле и Ирану обходить американские санкции vesti.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vesti.ru Daily Mail and Mail on Sunday newspapers.
UAE emerges as hot bed for companies aiding Venezuela to sidestep U.S. oil sanctions
30 Dec 2020
The United Arab Emirates, a close ally of the United States, has emerged to be a hub for companies trying to help Venezuela circumvent American sanctions, reports Reuters.
In June, the United States placed sanctions on some oil tankers managed by shipping firms in an effort to intensify its attempts at cutting off Venezuelaâs oil trade in hopes of toppling its socialist President, Nicolas Maduro.
Within a matter of weeks, some little-known companies based in the UAE reportedly took over management of several tankers that had already been shipping Venezuelan oil, changed their names, and continued transporting Venezuelan crude.