OFAC sanctions target four Venezuelan governors

The Treasury Department agency is taking action against the government officials for deliberating blocking humanitarian aid from entering the South American country.

OFAC sanctions target four Venezuelan governors

The Treasury Department agency is taking action against the government officials for deliberating blocking humanitarian aid from entering the South American country.

OFAC sanctions target four Venezuelan governors

The Treasury Department agency is taking action against the government officials for deliberating blocking humanitarian aid from entering the South American country.

 
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on four Venezuelan state governors aligned with President Nicolas Maduro, who is attempting to retain power in the South American country.
    OFAC said it is taking the action against the governors primarily for their efforts to block delivery of much needed humanitarian aid from the U.S. and other countries to the Venezuelan people.
    The sanctioned Venezuelan state governors include Omar Jose Prieto Fernandez of Zulia state, Ramon Alonso Carrizalez Rengifo of Apure state, Jorge Luis Garcia Carneiro of Vargas state, and Rafael Alejandro Lacava Evangelista of Carabobo state.
    As a result of OFAC’s action, all property and interests in property of these individuals, as well as any entities that are owned, directly or indirectly, 50 percent or more by these individuals, that are in the U.S. or in the possession or control of U.S. persons are blocked and must be reported to the agency. While the sanctions are in place, any U.S. business transactions with these four governors will generally be prohibited.
    “The United States fully supports the efforts of Interim President Juan Guaidó to address the endemic corruption, human rights abuses, and violent repression that has become the hallmark of the illegitimate Maduro regime, and looks forward to the restoration of a democratically elected government for the people of Venezuela,” said Treasury Secretary Steven T. Mnuchin in a statement.

We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up. 

The Port of Oakland in May handled 85,964 TEUs of loaded imports and 78,070 TEUs of loaded exports, up 4.2% and 8.4% year-over-year, respectively.

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OFAC sanctions target four Venezuelan governors

The Treasury Department agency is taking action against the government officials for deliberating blocking humanitarian aid from entering the South American country.

Feb 26, 2019 on Dec 27, 2018AmericanShipper.com

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OFAC sanctions target four Venezuelan governors

The Treasury Department agency is taking action against the government officials for deliberating blocking humanitarian aid from entering the South American country.

Feb 26, 2019 on Dec 27, 2018AmericanShipper.com