Europe mulling its options with Venezuela

3 Aug 2017   Venezuela

With oil so far spared from the target of sanctions, the European Commission said Wednesday it was discussing a range of potential options for Venezuela. The U.S. Treasury Department hit Carlos Erik Malpica Flores, the former vice president for finance at state oil company Petroleos de Venezuela , known also as PDVSA, with sanctions last week in response to a crackdown on the opposition in the country. After a national vote seen as consolidating his grip on power, sanctions were extended this week to Venezuelan President Nicolas Maduro . The White House was said to be considering sanctions on Venezuela’s oil, a cornerstone of its economy. Treasury Secretary Steven Mnuchin said the object was “not to do anything that hurts […]

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