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Trump Administration Hits Venezuela With More Sanctions

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Trump Administration Hits Venezuela With More Sanctions

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The Trump administration announced a round of financial sanctions that target a network of individuals moving oil on behalf of Venezuelan socialist leader Nicolas Maduro. The U.S. Treasury Department sanctioned three individuals, 14 business entities, and six ships with sanctions, accusing them of assisting Venezuelan oil company PDVSA, which is under Maduro’s control, evade previous sanctions. Over the past several years, the Trump administration has moved to sanction Maduro, saying that the Venezuelan leader is illegitimate while recognizing opposition leader Juan Guaido. “Those facilitating the illegitimate Maduro regime’s attempts to circumvent United States sanctions contribute to the corruption that consumes Venezuela,” said Treasury Secretary Steven T. Mnuchin. “The United States remains committed to targeting those enabling the Maduro regime’s abuse of Venezuela’s natural resources.” The fresh sanctions target people and businesses linked with Alex Saab, a Colombian businessman who U.S. officials say is a close associate Maduro. Saab is jailed in …

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