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BREAKING: White House Announces Sanctions Against Maduro’s State-Owned Oil Company

The White House has announced sweeping sanctions against Venezuelan President Nicolas Maduro’s oil company. Here’s what we know from Fox:

“Today’s designation of PDVSA will help prevent further diverting of Venezuela’s assets by Maduro and preserve these assets for the people of Venezuela,” Treasury Secretary Steven Mnuchin said during a White House news conference. “The path to sanctions relief for PDVSA is through the expeditious transfer of control to the interim president or a subsequent democratically elected government who is committed to taking concrete and meaningful actions to combat corruption.”


“I’m sure many of our friends in the Middle East will be happy to make up the supply, as we push down Venezuela’s supply,” Mnuchin continued.

More from Fox News.

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