USA IMPOSES NEW SANCTIONS ON VENEZUELA TO FORCE OUT MADURO
January 1st, 2019
In a significant ramp up of its pressure on the government of Venezuelan President Nicolás Maduro, the United States Treasury Department's Office of Foreign Assets Control (OFAC) on Monday (January 28) announced the imposition of new sanctions against the country’s state oil company Petróleos de Venezuela SA (PdVSA).
The announcement effectively halts US purchases of oil from Venezuela – the Latin American country’s economic lifeblood. The United States is the primary destination for PdVSA crude oil shipments and receives about 41% of its exports, ...
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