United States Treasury Department announced new sanctions on Venezuelan state-run ferrous metals mining Company, Minerven, and its President, Adrián Antonio Perdomo on Tuesday for promoting “illicit” gold operations that have continued to prop up the regime of President Nicolas Maduro.Add your comment!
The United States is considering imposing financial sanctions that could prohibit Visa, Mastercard and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The move, which has not been finalized, would represent another step in tightening the financial noose on the government of President Nicolas Maduro and his supporters.Add your comment!
The United States targeted Venezuela's government with new sanctions on Monday and called on allies to freeze the assets of its state-owned oil company PDVSA after deadly violence blocked aid from reaching the crisis-hit country during the weekend.
Russian lender Gazprombank has frozen the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under US sanctions, according to Reuters.
U.S. sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to but slightly less extensive than those imposed on Iran last year, experts said on Friday after looking at details posted by the Treasury Department.
France, Germany and Britain have opened a new channel for non-dollar trade with Iran to avert U.S. sanctions, although diplomats say it is unlikely to allow for the big transactions that Tehran says it needs to keep a nuclear deal afloat. Washington’s major European allies opposed last year’s decision by U.S. President Donald Trump to abandon the 2015 deal, under which international sanctions on Iran were lifted in return for Tehran accepting curbs on its nuclear program.
The United States is reportedly investigating Huawei for stealing trade secrets from American business partners in the latest action against the Chinese technology giant. The criminal inquiry was first reported by the Wall Street Journal (WSJ).
United States Secretary of State Mike Pompeo on Sunday defended the White House’s move last week to reimpose sanctions against Iran amid criticism from some conservatives that the action does not go far enough to cripple the country’s economy.
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil.
The U.S. government has frozen about US$ 800 million in assets from senior Venezuelan leader Diosdado Cabello Miami journalist Oscar Haza reported Tuesday during his morning radio show on Miami’s Spanish-language Zeta 92.3.