icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
13 Jun, 2020 08:01

We won’t deal with ships operating in Venezuela, Brazil’s Petrobras says amid US sanctions on oil trade with Caracas

We won’t deal with ships operating in Venezuela, Brazil’s Petrobras says amid US sanctions on oil trade with Caracas

Fearing US sanctions, Brazilian state-run oil company Petrobras says it will not deal with ships that operated in Venezuela over the past year.

“We have recently reinforced to our suppliers we would not accept offers from ships that had operated in Venezuela during the sanctions period (12 months),” the company told Reuters, adding that it amended its shipping contracts to avoid breaking US Treasury Department’s Office of Foreign Assets Control (OFAC) regulations.

Also on rt.com Last tanker in Iranian flotilla reaches Venezuela, outmaneuvering US sanctions

Washington, which seeks to oust Venezuelan President Nicolas Maduro, has long tried to choke off the Latin American nation’s oil sector – the country’s main source of revenue. Apart from targeting state-run oil major PDVSA, the US has also blacklisted vessels transporting Venezuelan crude.

After slapping four shipping firms with sanctions last week, the Trump administration is reportedly considering adding dozens of additional foreign vessels to the list for trading with Caracas. The threat of new sanctions has already forced some tankers sailing towards Venezuelan shores to turn around, Reuters earlier reported.  

Also on rt.com Venezuela’s oil exports crash to 17-year low under tightening US sanctions

Last month, another nation under US sanctions, Iran, dispatched a flotilla of five tankers to deliver much-needed fuel to Venezuela. While the ships were still at sea, Caracas claimed that they faced “the threat of imminent use of military force” by the US Navy. Washington did not explicitly say that it wanted to intercept the ships, but warned countries along the route against giving any assistance. The last of the five vessels arrived in Venezuela last week, with Tehran saying it is ready to send more oil if Caracas asks for it.

For more stories on economy & finance visit RT's business section