Treasury Targets Illegitimate Maduro Regime Insiders and Sanctions Evaders in Venezuela’s Oil Sector

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting Nicolas Maduro’s illegitimate regime in Venezuela, sanctioning three nephews of Maduro’s wife, Cilia Flores; a Maduro-affiliated businessman; and six shipping companies operating in Venezuela’s oil sector. Additionally, OFAC is identifying six associated vessels that have engaged in deceptive and unsafe shipping practices and continue to provide financial resources that fuel Maduro’s corrupt narco-terrorist regime.“Nicolas Maduro and his criminal associates in Venezuela are flooding the United States with drugs that are poisoning the American people,” said Secretary of the Treasury Scott Bessent. “These sanctions undo the Biden Administration’s failed attempt to make a deal with Maduro, enabling his dictatorial and brutal control at the expense of the Venezuelan and American people.