Reuters: U.S.

Monday, January 28, 2019

News Alert: US announces new sanctions against Venezuela's state-owned oil company

 
 
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US announces new sanctions against Venezuela's state-owned oil company
The Trump administration on Monday announced new sanctions against Venezuela's state-owned oil company, ramping up pressure on President Nicolás Maduro to give up power.

National security adviser John Bolton told reporters at the White House that the sanctions on Petroleos de Venezuela, S.A. (PdVSA) will target $7 billion in assets and could result in $11 billion in lost sales over the next year.
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