Treasury Tweaks Sanctions on Venezuela and Vietnam
Published Date: 7/1/2026
Notice
Summary
The U.S. Treasury’s OFAC just updated its sanctions list by removing a Venezuelan individual and a Vietnamese oil tanker from the blocked list, meaning their assets are no longer frozen. Meanwhile, some entries, like a Mexican property, got updated but remain blocked. These changes affect who can do business with the U.S. and signal shifts in enforcement starting from April and May 2026.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Venezuelan Individual Removed from SDN List
On April 13, 2026, OFAC unblocked the property and interests in property subject to U.S. jurisdiction of Reinaldo Enrique Munoz Pedroza and removed him from the Specially Designated Nationals (SDN) List. This means the entry for Munoz Pedroza (DOB 28 Nov 1971) is no longer on the SDN List as of that date.
Vietnam-Flagged Tanker Removed from SDN List
On May 8, 2026, OFAC unblocked the vessel ASTRA (IMO 9273387; MMSI 574005470) and removed it from the SDN List. The vessel is listed as a Vietnam-flagged chemical/oil tanker and was linked to Sao Viet Petrol Transportation Company Limited.
Kovay Gardens Entry Updated but Still Blocked
On May 8, 2026, OFAC updated the SDN List entry for Kovay Gardens (also known as Vallarta Gardens and other alternative names) in La Cruz de Huanacaxtle, Nayarit, Mexico; the property and interests in property subject to U.S. jurisdiction continue to be blocked. The entry remains linked to Cartel de Jalisco Nueva Generacion and is listed with SDGT and illicit-drugs designations.
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Key Dates
Department and Agencies
Related Federal Register Documents
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