Is Trump Holding Back On Venezuela Sanctions?

30 Aug 2017   Venezuela

A few days ago, the White House authorized new sanctions against Venezuela – a country struggling under the burden of running a socialist government while the value of its main asset, oil, continues to hover around $50 a barrel. “This order demonstrates more clearly than ever that the United States will not allow an illegitimate dictatorship to take hold in the Western Hemisphere at the expense of its people,” National Security Adviser H.R. McMaster said Friday as President Donald Trump rolled out the fourth round of sanctions against Caracas this year. The measures go to new lengths to prevent Venezuela from using its assets in the United States to fund itself. The PDVSA, the South American country’s state oil company, owns an American subsidiary, Citgo, which will no longer be allowed to repatriate its profits to its parent company. U.S. financial institutions will be barred from issuing new debt […]

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