U.S. imposes sanctions on Venezuelan state oil firm
The US has moved to cut off the flow of foreign currency to President Nicolás Maduro’s government in Venezuela, imposing sanctions on the state-owned oil company PDVSA that will constrain its US refining subsidiary Citgo.
The US Treasury said that all of PDVSA’s assets subject to its jurisdiction were blocked, and US individuals and companies were “generally prohibited from engaging in transactions with them”.
The sanctions will force PDVSA to find other markets for its oil or different routes into the US using intermediaries. They will also force US refining companies that have been customers for Venezuelan crude, including Valero Energy, to find other sources for the heavy oil they have been buying from PDVSA.
Google hit with €1.49bn fine from EU over advertising180Yesterday, 16:05
Trump targets India and Turkey in trade crackdown227105.03.2019, 11:55
Troika laundromat revelations make the case for tougher supervision of europe’s banking sector175404.03.2019, 21:15
Iran ready to export more gas to Armenia: Rouhani274327.02.2019, 16:20
Nikol Pashinyan: "Yerevan is ready to play a role in transit of Iranian gas"263227.02.2019, 15:45
Armenian PM: EAEU-Iran free trade agreement to open up new prospects267127.02.2019, 15:20