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Venezuela - Latest update

We are grateful to our local correspondents Globalpandi in Venezuela who have provided an update on the current situation in Venezuela which is available here.

Tony Paulson
Tony Paulson
Head of Asia & Corporate Director

Latest news

  • News 19 Mar, 2026
    China - Changes to calculation of pollution fines from 15 August 2026

    On 12 March 2026, the National People’s Congress formally adopted the Ecological and Environmental Protection Code (the “Code”), marking a significant milestone in the continued development and consolidation of environmental legislation. The Code is scheduled to come into effect on 15 August 2026.

    Erin Walton
    Erin Walton
    Assistant Corporate Director
  • News 17 Mar, 2026
    Astaara Update to interested parties on ongoing US-Israeli War (“Operation Epic Fury”) with Iran

    The purpose of this memorandum is to share information with our shipowners and brokers on known developments within the Persian Gulf from an operational/cyber and insurance perspective. Sources of the content are MTO and associated agencies.

  • News 16 Mar, 2026
    Astaara on Iranian cyber capability - 12 March 2026

    In this report we seek to put the cyber threat posed by Iran and its proxies into context. There is a concern that even if peace breaks out, the cyber threat from Iran will remain. We offer some guidance as to the steps our clients should take against some of the known capabilities

Sanctions news

  • News 23 Feb, 2026
    Venezuelan sanctions - OFAC issues various new General Licenses

    Following the seizure of Nicolas Maduro by the United States in January 2026, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued a series of new General Licenses ("GLs") and accompanying FAQs that are significantly reshaping the Venezuela sanctions landscape.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
  • News 19 Feb, 2026
    Russian sanctions - due diligence requirements when carrying petroleum products to the EU

    Following the entry into force of Article 3ma of Council Regulation (EU) No. 833/2014 on 21 January 2026, shipowners and operators face compliance obligations when carrying certain petroleum products into the EU.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
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