Washington Mulls Over Additional Sanctions Against Venezuela

9 Aug 2017   Venezuela

The Trump administration is considering additional sanctions on Venezuelan individuals close to the Maduro government, but will first try to enlist support from other countries. This is what unnamed sources close to the President told Bloomberg, adding that the new sanctions will target between 10 and 20 people and will consist of freezing their assets. On July 31, the U.S. administration froze the assets of Venezuela’s President Nicolas Maduro in response to a vote that called for a Constituent Assembly—a parliament that has the powers to amend the country’s constitution. There were expectations that the sanctions would target Venezuela’s oil industry as well, but these seem to remain under consideration for the time being. In addition to Maduro, U.S. sanctions are in place against 13 senior government officials, including a vice-president of state-owned oil company PDVSA. Media reports from before the July 30 Constituent Assembly vote cited sources from […]

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