US sanctions 13 Venezuelan officials, readies oil sector penalties

27 Jul 2017   Venezuela

The US Treasury Department sanctioned 13 Venezuelan government officials Wednesday, including officials with state oil company PDVSA, in an effort to pressure Venezuelan President Nicolas Maduro to abandon plans for a controversial vote Sunday. In a call with reporters, a senior administration official said that President Donald Trump is expected to issue “strong and swift” sanctions on Venezuela, including a ban on imports of Venezuelan crude oil into the US, if Maduro goes forward with the vote Sunday to elect a constituent assembly to redraft the country’s constitution. “We are very concerned about the rapid erosion of democracy and the move towards dictatorship by President Maduro,” the official said. “We see [Sunday] as a critical line that, if crossed, could mean the end of democracy in Venezuela.” Officials declined Wednesday to discuss in detail the specific oil-related sanctions they were considering and whether the sanctions would be imposed immediately […]

Comments are closed.