US EditionSeized Oil Tanker Was Hiding Its Location to Evade Sanctions, Law Enforcement
9 Articles
9 Articles
The conflict over a tanker seized by the US off the coast of Venezuela continues: US investigations suggest that the ship is part of a network to circumvent Western sanctions.
By German Padinger, CNN en Español. Venezuela's economy lives off a single product, oil, and that product has been the target of US sanctions since at least 2019. These sanctions include those against the state-owned PDVSA, and as a result, an oil tanker, the Skipper, was recently seized—possibly the first of many. In 2024 alone, Venezuela earned US$18.372 billion from oil sales, representing 87% of all its exports, according to data from the Or…
Seized oil tanker was hiding its location to evade sanctions, law enforcement
The oil tanker seized by U.S. troops off the coast of Venezuela evaded sanctions by falsifying and concealing its locations, according to publicly available satellite imagery and tracking data.
Venezuela's oil exports have fallen sharply after the United States seized a tanker earlier this week and imposed new sanctions on the country's oil exports.
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