U.S. tightens Venezuela oil sanctions, indicates more actions to come

Friday, June 7, 2019 | Tag Cloud Tags: , , , , , , ,

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(Worthy News) - 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 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. [ Source: Reuters (Read More...) ]

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2 thoughts on “U.S. tightens Venezuela oil sanctions, indicates more actions to come”

  1. Central and South America have unfortunately been hotbeds of revolutions, socialists, drug lords and licentiousness for a looooong time. Trump just may be the man to curtail all that LAWLESSNESS. Remember what the Bible says about the end time ...... it will be a time primality of lawlessness.

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