Venezuelan oil sanctions carry risks for U.S. economy

29 Jul 2017   Venezuela

The U.S. Treasury Department is ready with tougher sanctions on Venezuela, including crude oil restrictions, but may hold back, an industry report read. On Wednesday, the U.S. Treasury Department sanctioned 13 current and former government officials in Venezuela for their role in Venezuelan President Nicolas Maduro ‘s efforts to silence his opponents. The sanctioned individuals include Carlos Erik Malpica Flores, the former vice president for finance at state oil company Petroleos de Venezuela , known also as PDVSA. The sanctions noose could get tighter if Maduro pushes ahead with a vote Sunday that would likely redraft the Venezuelan constitution in his favor. A source in the administration of President Donald Trump told S&P Global Platts that the Treasury Department is ready […]

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