Registration was successful!
Please follow the link from the email sent to

New US Sanctions Target Venezuelan State-Owned Oil Company PDVSA

© AP Photo / Fernando LlanoStorage tanks stand in a PDVSA state-run oil company crude oil complex near El Tigre, a town located within Venezuela's Hugo Chavez oil belt, formally known as the Orinoco Belt
Storage tanks stand in a PDVSA state-run oil company crude oil complex near El Tigre, a town located within Venezuela's Hugo Chavez oil belt, formally known as the Orinoco Belt - Sputnik International
Subscribe
US Treasury Secretary Steven Mnuchin said that Trump's newly signed executive order to impose sanctions on Venezuela will prevent US persons from engaging with PDVSA.

WASHINGTON (Sputnik) — President Donald Trump's newly signed executive order to impose sanctions on Venezuela will prevent US persons from engaging with the country's state-owned PDVSA oil company, US Treasury Secretary Steven Mnuchin said in a briefing on Friday.

Storage tanks stand in a PDVSA state-run oil company crude oil complex near El Tigre, a town located within Venezuela's Hugo Chavez oil belt, formally known as the Orinoco Belt - Sputnik International
Venezuelan Oil Minister to Switch Places With PDVSA Chief
"Under the executive order, US persons are prohibited from engaging in specified dealings involving the government of Venezuela and its instrumentalities. This includes state owned oil company PDVSA," Mnuchin told reporters at the White House.

He added that the prohibitions extend to transactions or activities occurring in the United States and cover both debt and equity instruments.

Earlier on Friday, Trump signed an executive order imposing new financial sanctions against the Venezuelan government.

The White House said the measures were "carefully calibrated" to put financial pressure on the government of President Nicolas Maduro.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала