Treasury Targets Illegitimate Maduro Regime Insiders and Sanctions Evaders in Venezuela’s Oil Sector (Press Release)

Date issued: Dec. 11 2025

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TURBOFAC Commentary (205 words)

Notes:

1) While the Press Release states that "OFAC is identifying six associated vessels that have engaged in deceptive and unsafe shipping practices and continue to provide financial resources that fuel Maduro’s corrupt narco-terrorist regime," thereby suggesting a degree of inherent nefariousness that would take the designations out of the realm of "de facto secondary sanctions" (Introductory Note Common to all Derivative Designation Notices ("De Facto" Secondary Sanctions) Included in the Research System (System Ed. Note)), this Press Release is notable as the first since the first Trump Administration to sanction tankers for transporting Venezuelan oil (compare Treasury Targets Illegitimate Maduro Regime Insiders and Sanctions Evaders in Venezuela’s Oil Sector (Press Release)). Here, OFAC targets "six shipping companies moving Venezuelan oil," including two under circumstances where no deceptive conduct was alleged (Arctic Voyager and Full Happy Limited). These appear to be straightforward “de...