- The U.S. Treasury has targeted oil traders and tankers accused of assisting the Venezuelan government, led by Nicolás Maduro, in circumventing U.S. sanctions.
- Sanctions have been imposed on four Venezuelan oil companies that are allegedly involved in helping Maduro’s regime avoid the existing economic sanctions.
- The move includes blocking tankers thought to be instrumental in facilitating the transportation of oil, a significant revenue source for the embattled government.
- These sanctions aim to disrupt financial operations used by Maduro to fund governmental activities amidst increasing international pressure.
- The efforts are part of a broader strategy to weaken Maduro’s hold on power by restricting his administration’s access to substantial financial resources.
- Previously, the U.S. has imposed multiple rounds of sanctions targeting various sectors of the Venezuelan economy to force political change and restore democratic processes.
Source: https://www.foxnews.com/politics/treasury-targets-oil-traders-tankers-accused-helping-maduro-evade-u-s-sanctions)
