U.S. Tightens Venezuela Oil Sanctions, Indicates More Actions To Come

www.oann.com | 5/28/2019 | Staff
tiana_101tiana_101 (Posted by) Level 3
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday tightened its pressure on Venezuela’s state-owned oil company by making clear that exports of diluents by international shippers could be subject to U.S. sanctions.

The change, announced on the Treasury Department’s website, is the latest U.S. measure aimed at pressuring Venezuelan President Nicolas Maduro by limiting access to oil export revenue from PDVSA.

PDVSA - Imports - Diluents - United - States

PDVSA had long relied on imports of diluents from the United States to add to its extra-heavy oil to make the crude exportable. But that trade was banned in January, forcing the company to look abroad for other suppliers.

The United States and most Western nations have backed opposition leader Juan Guaido, who invoked Venezuela’s constitution in January to assume an interim presidency, arguing...
(Excerpt) Read more at: www.oann.com
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