Sunday, June 4, 2017

U.S. Considering Sanctions Against Venezuela's Oil Sector

The corporate logo of the state oil company PDVSA is seen at a gas station in Caracas, Venezuela April 12, 2017. REUTERS/Marco Bello

Reuters: Exclusive: U.S. considers possible sanctions against Venezuela oil sector - officials

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 U.S. 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.

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WNU Editor: The Venezuelan government has been expecting this for a long time .... Venezuela braces for possible U.S. oil sanctions (World Oil). What probably clinched it was the Goldman Sachs $2.8 billion dollar bond this past week  purchase that now gives the Venezuelan government some breathing room for the next month or two.

More News On The U.S. Considering Sanctions Against Venezuela's Oil Sector

Exclusive: Trump administration concerned about U.S. firms giving financial 'lifeline' to Venezuela -- Reuters
New Leak: Trump administration has its eyes on Goldman-Venezuela bailout deal -- American Thnker
No To US Sanctions On Venezuela - Let Maduro's Regime Collapse On Its Own -- Tim Worstall, Forbes

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