US sanctions

Last week, the US formally adopted sanctions on Venezuelan national oil company PDVSA, as well as on CITGO, its US-based distribution arm, as part of its press for regime change in Caracas. National Security Advisor John Bolton estimated the actions would affect some $7 billion in assets and would block $11 billion in revenue to the Venezuelan government over the next year.

US President Donald Trump is prepping a team of lawyers and policy experts to help right-wing Latin American governments write new laws imposing sanctions on Venezuelan officials and industries, a US source familiar with the policies told McClatchy News' Washington Bureau.

The push is part of Washington’s economic and political war against the left-wing government that aims to undermine Venezuela’s democracy and oust President Nicolas Maduro.

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