The Trump administration is considering possible sanctions
on Venezuela’s vital energy sector, including state oil company PDVSA, senior
White House officials said, in what would be a major escalation of US efforts
to pressure the country’s embattled leftist government amid a crackdown on the
opposition. The idea of striking at the core of Venezuela’s economy, which
relies on oil for some 95 percent of export revenues, has been discussed at
high levels of the administration as part of a wide-ranging review of U.S.
options, but officials said it remains under debate and action is not imminent.
The officials, speaking on condition of
anonymity, told Reuters the United States could hit PDVSA as part of a
"sectoral” sanctions package that would take aim at the Opec nation’s
entire energy industry for the first time. More…
Tuesday, June 6, 2017
US considers possible sanctions against Venezuela oil sector:
The Trump administration is considering possible sanctions
on Venezuela’s vital energy sector, including state oil company PDVSA, senior
White House officials said, in what would be a major escalation of US efforts
to pressure the country’s embattled leftist government amid a crackdown on the
opposition. The idea of striking at the core of Venezuela’s economy, which
relies on oil for some 95 percent of export revenues, has been discussed at
high levels of the administration as part of a wide-ranging review of U.S.
options, but officials said it remains under debate and action is not imminent.
The officials, speaking on condition of
anonymity, told Reuters the United States could hit PDVSA as part of a
"sectoral” sanctions package that would take aim at the Opec nation’s
entire energy industry for the first time. More…
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