Sanctions Enforcement

Miami-Dade County revoked Vanguard Energy's business license due to its links with CUPET, a sanctioned Cuban oil company. This action underscores the importance of compliance with federal sanctions in procurement processes and the risks of engaging with sanctioned entities.

The U.S. Treasury has placed sanctions on a major independent Chinese refinery and nearly 40 vessels linked to Iran's oil trade. This action aims to disrupt funding for regional destabilization and terrorism, impacting supply chains and contracting opportunities for firms in international energy sectors.