{"id":17033,"date":"2021-09-09T05:28:52","date_gmt":"2021-09-09T05:28:52","guid":{"rendered":"https:\/\/informnapalm.org\/en\/?p=17033"},"modified":"2021-09-09T05:29:54","modified_gmt":"2021-09-09T05:29:54","slug":"us-sanctions-on-russia-part-6","status":"publish","type":"post","link":"https:\/\/informnapalm.org\/en\/us-sanctions-on-russia-part-6\/","title":{"rendered":"US Sanctions on Russia. Part 6. North Korea, Syria, Venezuela: Secondary Sanctions"},"content":{"rendered":"

In these series of articles, we will review US sanctions on Russia. The chronology, what they are about and what are reasons why they appear.\u00a0<\/strong><\/p>\n

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North Korea<\/strong><\/span><\/h2>\n

About 20 Russia-related persons are subject to U.S. sanctions for evading U.N. sanctions restricting trade and financial transactions with North Korea. Designations apply to persons trading in oil and oil products, financial services, and exported labour, as well as for facilitating weapons of mass destruction programs.<\/span><\/p>\n

While China is North Korea\u2019s main oil supplier, the South Korean Asan Institute for Policy Studies in Seoul (ASAN) estimates that Russian oil exports to North Korea is significantly higher than thought before. A recent report issued by the ASAN used Russian customs data to document how \u201cone North Korean state enterprise purchased 622,878 tons of Russian oil worth $238 million\u201d between 2015 and 2017\u201c while official data says only $25 million.<\/span><\/p>\n

Syria<\/strong><\/span><\/h2>\n

Rosoboronexport, three Russian banks, and related persons are subject to U.S. sanctions for their support to the Syrian government. In 2018, the Trump Administration designated four Russian persons as part of \u201ca complex scheme Iran and Russia have used to bolster the Assad regime and generate funds for Iranian malign activity.\u201d In 2019, the Trump Administration designated a Russian entity and associated persons for serving as a front company in a \u201cscheme to facilitate the [illicit transfer] of jet fuel to Russian forces operating in Syria.\u201d<\/span><\/p>\n

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Russian Oil Deals in Syria Linked to \u2018Putin\u2019s Chef\u2019 Yevgeny Prigozhin \/ Xinhua\/ZUMA\/TASS photo<\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Studies show that despite U.S. and EU sanctions, Iran and Russia have been transferring oil and refined petroleum products to Syria. Only within late June and early July 2019 there were 5 potential instances of oil\/refined petroleum transfers to Syria. US OFAC (The Office of Foreign Assets Control is a financial intelligence and enforcement agency of the U.S. Treasury Department) designated Iranian chemical\/products tankers DELICE and DEVREZ sailed from the Persian Gulf; Malta flagged chemical\/product tankers SHOVKET ALEKPEROVA and MUBARIZ IBRAHIMOV sailed from Russian ports; previously Panama flagged crude oil tanker GRACE 1 sailed from the Persian Gulf to Mediterranean through Gibraltar. All vessels switched off their AIS before heading towards Syria Tartus port.<\/span><\/p>\n

Venezuela<\/strong><\/span><\/h2>\n

In 2019, the Trump Administration designated a bank jointly owned by Russian and Venezuelan state-owned companies for providing support to Venezuela\u2019s state- owned oil company, Petr\u00f3leos de Venezuela, S.A (PDVSA). Also subject to U.S. sanctions for operating in Venezuela\u2019s oil sector are two subsidiaries of Russian state-owned oil company Rosneft, a related individual, and two Russian- flagged vessels and their registered owners.<\/span><\/p>\n

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Igor Sechin (right) alongside late Venezuelan President Hugo Chavez \/ Presidencia\/AFP\/Getty photo<\/em><\/div>\n
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A story in Venezuela\u2019s El National newspaper is making the rounds in Russian media \u2013 reporting that Russian oil giant, Rosneft, is planning on taking over Venezuela\u2019s National Oil Company PDVSA (Petr\u00f3leos de Venezuela). In exchange, Russia is rumored to be offering debt relief to the struggling Latin American Country. As of 2016 estimates, PDVSA is worth approximately $186 billion. It also controls the country\u2019s estimated 300 billion barrels of oil \u2013 the largest crude reserves on the planet \u2013 bigger than Saudi Aramco, albeit the Venezuelan heavy crude is dirtier and less desirable.<\/p>\n

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The article was prepared for publication by volunteers of the\u00a0Res Publica<\/a>\u00a0\u2013 Civic Resilience Center.<\/strong><\/p>\n

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Cover illustration:<\/em> Photo shows a tanker anchored at an oil export terminal in the far eastern port of Kozmino \/ AP photo.<\/em><\/p>\n

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Sources PDF<\/a><\/strong>.<\/span><\/p>\n

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Read more from InformNapalm:<\/h2>\n