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

The U.S. Treasury Department on Thursday tightened its pressure on Venezuela&#03...

FILE PHOTO: Venezuela's President Nicolas Maduro waves during his visit to a packing center of the CLAP program, a Venezuelan government handout of basic food supplies, in Caracas, Venezuela May 28, 2019. Miraflores Palace/Handout via REUTERS

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. 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 that Maduro’s 2018 re-election was illegitimate.

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