30JAN2019 - NEWS - Trump administration imposes sanctions on Venezuelan State Oil Firm PDVSA on Monday

On Monday the Trump administration imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro. The sanctions were announced to ratchet up pressure against Maduro and demonstrate U.S. support for Juan Guaido, the Venezuelan opposition leader who proclaimed himself interim president last week and was immediately recognized by the United States and a host of other countries. PDVSA is OPEC nation Venezuela’s largest source of revenue and owns U.S. refining arm Citgo Petroleum, Venezuela’s most important foreign asset.

Published by Editor - www.Livebunkers.com at 30-Jan-2019 05:50:40 [UTC] , contact editor at editor@livebunkers.com