The US has imposed sanctions on four oil traders operating in Venezuela, as Donald Trump ratchets up pressure on Venezuela’s strongman leader Nicolás Maduro.
The US Treasury department’s Office of Foreign Assets Control on Wednesday said it was sanctioning the companies for their involvement in Venezuela’s oil sector, a crucial lifeblood for the government in Caracas.
Treasury secretary Scott Bessent said: “President Trump has been clear: we will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs.”
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