US sells tankers Era and Lileo to India

The U.S. government announced the dismantling of the confiscated ships Era and Lileo through their sale to GMS, a company specializing in ship recycling, following the acquisition of judicial approvals and exemptions from the U.S. Treasury Department. This comes as part of efforts to enforce sanctions imposed on Venezuelan oil exports and entities linked to Russia. The ships faced operational and financial difficulties after their seizure, despite legal proceedings. This sale marks the official end of the sanctions-related case involving these two vessels and reflects the challenges faced by the authorities in managing ships subject to sanctions.

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