© Reuters. FILE PHOTO: U.S. Vice President Pence listens as President Trump meets with Fabiana Rosales, wife of Venezuelan opposition leader Juan Guaido, at the White House in Washington

HOUSTON (Reuters) – The United States on Friday targeted oil shipments from Venezuela to Cuba in its latest round of sanctions to pressure the government of President Nicolas Maduro, aiming to choke off a crucial supply of crude to the Communist island.

The U.S. Treasury imposed sanctions on 34 vessels owned or operated by Venezuelan state-run oil company Petróleos de Venezuela, S.A, or PDVSA , and also on two companies and a vessel that delivered oil to Cuba in February and March.

“Treasury is taking action against vessels and entities transporting oil, providing a lifeline to keep the illegitimate Maduro regime afloat,” said Treasury Secretary Steve Mnuchin in a statement.

“Cuba continues to profit from, and prop up, the illegitimate Maduro regime through oil-for-repression schemes as they attempt to keep Maduro in power.”

The latest round of U.S. sanctions, announced earlier by Vice President Mike Pence in a speech in Houston, aim to further undermine Maduro’s government after the United States and most Western nations recognized opposition leader Juan Guaido as the rightful president of Venezuela.

Guaido invoked the Venezuelan constitution to assume an interim presidency in January, arguing that Maduro’s 2018 re-election was illegitimate.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-04-05