US targets one entity in Venezuela-related sanctions 19-Aug 01:53

The United States ‌has imposed Venezuela-related sanctions on one entity based ​in the British ​Virgin Islands, according to ⁠a notice posted ​on the Treasury Department ​website on Tuesday.

The U.S. targeted Bluwaves Properties Limited, an ​offshore corporate vehicle ​formerly owned by U.S. energy ‌magnate ⁠Harry Sargeant III.

It held a minority stake in North American ​Blue ​Energy ⁠Partners, Venezuela's second-largest private oil producer. ​Sargeant sold Bluwaves ​for $300 ⁠million earlier this month.