US Adds Oil-Sector Firms, Ships to Venezuela Sanctions List

US Adds Oil-Sector Firms, Ships to Venezuela Sanctions List
Venezuela's President Nicolas Maduro speaks during a meeting with government officials the Miraflores Palace in Caracas, Venezuela, on Aug. 4, 2018. Miraflores Palace/Handout via Reuters
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WASHINGTON—The United States on Friday, April 5, added two companies involved in shipping oil from Venezuela to Cuba, along with nearly three dozen ships, to a financial sanctions list aimed at increasing pressure on Venezuelan President Nicolas Maduro to step down and turn over power to the opposition.

A Treasury Department statement announcing the designation identified one of the companies as Ballito Bay Shipping Inc., based in Monrovia, Liberia. It is the registered owner of the Despina Andrianna, which has been used in recent weeks to ship Venezuelan crude to Cuba.