U.S. slaps sanctions on Venezuela's state-owned oil firm
WASHINGTON, Jan. 28 (Xinhua) -- The United States on Monday imposed sanctions on a state-owned oil firm in Venezuela, the latest move of the Trump administration to mount pressure on President Nicolas Maduro to cede power to the opposition.
The sanctions on Petroleos de Venezuela, S.A., or PDVSA, will block 7 billion U.S. dollars in assets and could result in a loss of 11 billion dollars in sales next year, U.S. National Security Adviser John Bolton told a White House briefing.