WASHINGTON: United State’s Department of Finance on Monday announced the imposition of sanctions on a Venezuelan State Oil Company.
In a White House’s briefing, United States Secretary of the Treasury, Steven Mnuchin Mnuchin announced regarding the imposition of economic sanctions on Venezuela in an attempt to dislodge President Nicolás Maduro.
The sanctions are the latest U.S. move to back Guaidó nearly a week after he declared himself interim president as protesters flooded cities across Venezuela.
National Security Adviser John Bolton said the moves were aimed at supporting ‘the legitimate government of Guaidó’.
The U.S. and many Latin American countries recognized Guaidó at once, but Maduro has not agreed to step down.
That leaves Guaidó the task of chipping away support in the military and judiciary, which have remained loyal to Maduro despite the foreign pressure.