US targets one entity in Venezuela-related sanctions


WASHINGTON, Aug ⁠18 (Reuters) - The United ⁠States has imposed ‌Venezuela-related sanctions on one entity based in the British ​Virgin Islands, according ⁠to a ⁠notice posted on the Treasury ⁠Department ‌website on Tuesday.

The U.S. ⁠targeted Bluwaves Properties Limited, ​an ‌offshore corporate vehicle formerly ⁠owned ​by U.S. energy magnate Harry Sargeant III.

It ⁠held a minority ​stake in North American Blue Energy Partners, Venezuela's ⁠second-largest private oil producer. Sargeant sold Bluwaves for $300 million earlier ​this month.

(Reporting ⁠by Ismail Shakil, Daphne ​Psaledakis and ‌Marianna Parraga; editing ​by Susan Heavey and David Ljunggren)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
DR Congo Ebola cases surpass 7,000, deaths near 3,400
Saudi Arabia says drones launched from Iraq hit East-West pipeline, holds off on retaliation
North Korea fires several ballistic missiles toward sea, South Korea says
Lula maintains lead over Flavio Bolsonaro ahead of Brazil election, Datafolha poll shows
U.S. stocks rebound as retreating oil prices offer Wall Street respite
Russia launches commercial 5G mobile networks
44 injured in train derailment in northwestern France: media
Ebola infections top 7,000 in Congo as virus spreads to new province
U.S. stocks close higher

Others Also Read