July 25, 2024

Maltese company in illicit Venezuelan oil trading network gets US sanction

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On January 19, the US Office of Foreign Assets Control (OFAC) designated three individuals, fourteen entities, and six vessels to the US sanctions list, building upon a previous designation targeting a separate Mexico-based company called Libre Abordo. Among the entities sanctioned is the Malta-registered company Elemento Ltd, which has operated in the global oil sector since, at least, 2017. By Nicole Meilak. Full Text -> MaltaToday

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