Treasury Department expands sanctions on oil companies operating in Venezuela

Published



The Treasury Department moved to expand sanctions against oil companies operating in Venezuela on Wednesday, the latest sign of the Trump administration’s crackdown on President Nicolás Maduro’s government.

The Treasury’s Office of Foreign Assets Control announced that four companies and their associated oil tankers were sanctioned. The department said the vessels are part of Venezuela’s so-called shadow fleet that financially supports Maduro’s government.

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