The Trump administration announced Friday a fresh wave of sanctions against Venezuela, targeting the country's state-owned oil company in an effort to pressure embattled President Nicolás Maduro.
Vice President Pence said during a speech in Houston that the administration will sanction 34 vessels owned or operated by Petróleos de Venezuela, S.A., as well as two companies that transport Venezuelan crude oil to Cuba.
"Venezuela's oil belongs to the Venezuelan people," Pence said.
ADVERTISEMENT. The vice president portrayed the latest sanctions as part of an ongoing effort to pressure Maduro to give up power peacefully.
The administration has doled out sanctions against members of Maduro's inner circle, targeted PDVSA with penalties earlier this year and attempted to send humanitarian aid to the country.
Officials in the Trump administration have accused Cuba of propping up the Maduro regime, pointing specifically to Havana's ties to the Venezuelan oil industry.
"Cuba continues to profit from, and prop up, the illegitimate Maduro regime through oil-for-repression schemes as they attempt to keep Maduro in power," Treasury Secretary said in a statement Friday.
https://thehill.com/homenews/administration/437633-trump-admin-imposes-fresh-sanctions-targeting-cuba-venezuelan-oil
Vice President Pence said during a speech in Houston that the administration will sanction 34 vessels owned or operated by Petróleos de Venezuela, S.A., as well as two companies that transport Venezuelan crude oil to Cuba.
"Venezuela's oil belongs to the Venezuelan people," Pence said.
ADVERTISEMENT. The vice president portrayed the latest sanctions as part of an ongoing effort to pressure Maduro to give up power peacefully.
The administration has doled out sanctions against members of Maduro's inner circle, targeted PDVSA with penalties earlier this year and attempted to send humanitarian aid to the country.
Officials in the Trump administration have accused Cuba of propping up the Maduro regime, pointing specifically to Havana's ties to the Venezuelan oil industry.
"Cuba continues to profit from, and prop up, the illegitimate Maduro regime through oil-for-repression schemes as they attempt to keep Maduro in power," Treasury Secretary said in a statement Friday.
https://thehill.com/homenews/administration/437633-trump-admin-imposes-fresh-sanctions-targeting-cuba-venezuelan-oil
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