The seizure of the plane is an ironic twist in Maduro's crypto schemes to circumvent Western sanctions.
Two days ago, the U.S. Justice Department announced it had seized Venezuelan President Nicolas Maduro ’s Falcon 900EX plane, citing a possible breach of U.S. export control and sanctions laws. Washington claims the plane was illegally purchased for $13 million and allegedly acquired through a Caribbean-based shell company.
eased some sanctions on Venezuela but retained sanctions on PdVSA. issued a new license allowing certain transactions related to the export or re-export of liquefied petroleum gas LPG to Venezuela until July 8, 2025. However, transactions with Petróleos de Venezuela, S.A., the Venezuelan state-owned oil and natural gas company in which PdVSA has a 50 percent or greater interest, remain prohibited under the sanctions imposed by various executive orders.
Elections Crude Russia Petro Cryptocurrency Sanctions
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