Venezuela's state-run PDVSA will begin exporting diluted crude oil (DCO) this week after a nine-month stoppage, it was reported in Caracas. The last time PDVSA shipped diluted crude to Asia was in April last year.
Several Swiss banks have been reprimanded for breaching laundering rules involving people linked to Venezuela's state oil company PDVSA, and have been ordered to terminate all business links with Venezuelan clients as well as with risky clients.
Former Bolivian President Evo Morales landed in Buenos Aires aboard a Venezuela-registered aircraft blacklisted by the United States Treasury Department.
Former Uruguayan Vicepresident Raúl Sendic Rodríguez was handed down an 18-month suspended jail sentence Thursday for abuse of office and embezzlement.
Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy.
Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).
Concerns are growing that an oil tanker carrying millions of gallons of oil could spill its load into the sea between Venezuela and Trinidad and Tobago, causing an ecological catastrophe.
A major U.S. asphalt company agreed to pay US$16.6 million in fines while pleading guilty Tuesday to federal charges that it paid millions in bribes to officials in Brazil, Ecuador and Venezuela for almost a decade to win lucrative contracts.
Mexican court has unfrozen the bank accounts of a local company blacklisted by the United States for trading in oil with Venezuelan state oil firm PDVSA despite US sanctions, Mexico's anti-money laundering unit said.
The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in an oil-for-food pact signed in 2019 with Venezuela’s government, U.S. officials said.