# OFAC
Latest news and articles about OFAC
Total: 2 articles found
Chinese Buyer Sues Trafigura, Alleges Systematic Evasion of US Russia Sanctions in Naphtha Trades
A Hainan energy firm accuses Trafigura Singapore of concealing the Russian origin of naphtha shipments, falsifying documents and inflating demurrage to shift losses onto Chinese buyers. The complainant has sued in China and plans to file evidence with OFAC and EU regulators, creating potential for cross-border legal exposure and stricter scrutiny of global commodity trading practices.
Maduro’s U.S. Defense Says Treasury Blocked Venezuelan Funds, Asks Judge to Toss Case
Maduro’s U.S. attorney has moved to dismiss the criminal case, saying the U.S. Treasury briefly licensed then rescinded permission for him to accept Venezuelan state funds, effectively blocking payment for the president’s defense. The motion raises novel legal questions about whether sanctions-related executive actions can so impair a defendant’s right to counsel that a court must dismiss charges or provide other remedies.