UAE Emerges as Hub for Companies Helping Venezuela Avoid U.S. Oil Sanctions

The UAE, one of Washington’s closest allies in the Middle East, is a hub for companies helping Venezuela skirt American sanctions on the oil-rich nation’s crude exports.

RIO DE JANEIRO, BRAZIL - (Reuters) In June 2020, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.

Within weeks, a little-known company based in the United Arab Emirates took over the management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan . . .

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