Treasury targets oil traders, tankers accused of helping Maduro evade U.S. sanctions

The U.S. Department of the Treasury on Wednesday sanctioned four companies operating in Venezuela’s oil sector and identified four oil tankers as blocked property, saying the move targets oil traders involved in alleged sanctions-evasion that helps finance Nicolás Maduro’s regime.

Treasury said the vessels, some described as part of a "shadow fleet" serving Venezuela, "continue to provide financial resources that fuel Maduro’s illegitimate narco-terrorist regime" in Tuesday's press release.

"President Trump has been clear: We will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs," Treasury Secretary Scott Bessent said. "The Treasury Department will continue to implement President Trump’s campaign of pressure on Maduro’s regime," he added.

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