US sanctions Cuban oil shipping network, state firms and two China-based suppliers
On 5 November 2026 the US State Department designated eight entities and two individuals and identified five tankers as blocked property under Cuba-related Executive Order 14404. The Treasury's OFAC also opened four more sectors of Cuba's economy to sanctions.
On 5 November 2026, the US Department of State designated eight entities and two individuals, and identified five vessels as blocked property, under Executive Order (E.O.) 14404. The State Department said E.O. 14404 authorizes sanctions on foreign persons linked to repression in Cuba and to other threats to US national security and foreign policy. According to the State Department, the action targets the Cuban regime's oil shipping networks, Cuban elites, state-owned import and technical-support entities, and China-based suppliers of the regime's military forces.
Four companies were designated for operating in the energy sector of the Cuban economy. The State Department describes Caroil Transport Marine Ltd as a Cyprus-based company that manages Cuban-flagged crude oil tankers, Tentacool Commercial Inc (Panama) as the registered owner of the tanker Gloria C, Internacional Maritima SA (Cuba) as the registered owner of the tanker Esperanza, and Petroleos Maritimos del Caribe S.A. (Petromarca) as the manager and operator of two Cuban-flagged petroleum product tankers. Five vessels in which Caroil or Petromarca has an interest were identified as blocked property: Esperanza (IMO 9289166), Gloria C (IMO 9540273), Maria Cristina (IMO 9502453), Emilia (IMO 9242209) and Lourdes (IMO 9259692). Guillermo Faustino Rodriguez Lopez Calleja was also designated for operating in the energy sector; the State Department says he is part of an extensive network of maritime shipping companies moving petroleum products to and from Cuba. The State Department said the regime relies on a web of offshore intermediaries.
Any Rodriguez Lastres was designated as an adult family member of Ania Guillermina Lastres Morera, a person already blocked under the order. The State Department says Rodriguez Lastres previously served as Commercial Director of the US-designated Terminal De Contenedores De Mariel S.A. Two Cuban state-owned entities were designated for being owned, controlled or directed by, or acting for, the Government of Cuba: Cubaelectronica, which the State Department describes as an importer of supplies and equipment for Cuba's electronics industry, and Tecnosime, which the State Department says generates revenue for the Cuban state. Two China-based companies were designated for materially assisting or supporting the Government of Cuba: China National Electronic Import and Export Company (CEIEC), which the State Department describes as a state-owned enterprise that exports defense electronics, security systems and construction engineering services, and Beijing H&C Technologies Co., Ltd, which it describes as a seller of surveillance and security equipment.
The State Department said that the Director of the Treasury's Office of Foreign Assets Control (OFAC) also issued a determination under E.O. 14404 that authorizes sanctions on any foreign person operating in the manufacturing, technology, electronics and marine sectors of the Cuban economy. All property of the designated persons in the United States or in the possession or control of US persons is blocked and must be reported to OFAC, and entities owned 50 percent or more by blocked persons are also blocked. The State Department said non-US persons, including foreign financial institutions, should proceed with caution in any dealings with parties sanctioned under this authority. It said the United States continues to authorize humanitarian trade, including food, medicine and medical devices.
Why it matters to AML professionals
Sanctions programs that target whole sectors and shipping networks reach far beyond the named parties, because companies owned 50 percent or more by a blocked person are blocked too. Banks and payment firms that handle trade finance, shipping payments or electronics trade need to screen vessels by IMO number and look past front companies to the real owner and operator.
Red flags in this case
- Payments linked to a tanker whose registered owner, commercial manager and operator sit in different jurisdictions with no clear business reason
- A vessel that changes name, flag or registered owner shortly after a sanctions designation
- Trade in electronics, surveillance or security equipment routed through intermediaries to a sanctioned country's state-owned buyers
- A customer whose relatives or former employer appear on a sanctions list
If this landed in your queue
- Screen the counterparty, the vessel name and the IMO number against the latest SDN list, not just the company name
- Map ownership and control to check whether any blocked person owns 50 percent or more, alone or together
- Review recent payments for links to the newly authorized sectors and escalate any match to the sanctions team
- Block or reject the transaction as required and file the report with OFAC within the required time
Key terms
- Blocked property
- Assets of a sanctioned person that must be frozen and reported to OFAC; they cannot be moved or used without a licence.
- IMO number
- A permanent seven-digit number given to a ship, which stays the same even when its name or flag changes.
- 50 percent rule
- An entity owned 50 percent or more, alone or together, by blocked persons is treated as blocked even if it is not named on the list.
Interview angle
How would you screen a payment connected to an oil tanker for sanctions risk?
Explain that you screen the vessel by IMO number as well as by name, check the registered owner, manager and operator, apply the 50 percent ownership rule, and look for recent name or flag changes before releasing the payment.
Sources
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