The United States will impose sanctions on Venezuela’s oil company to force President Nicolas Maduro to step down.
Florida Republican Senator Marco Rubio initially made the announcement on Monday after being briefed on the issue by US Treasury along with two others.
Penalties on PDVSA will reportedly be imposed as early as Monday.
“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,” Treasury Secretary Steven Mnuchin said during a White House press briefing. “The United States is holding accountable those responsible for Venezuela’s tragic decline.”
Trump has distanced the US from President Maduro by recognizing opposition figure Juan Guaido as the legitimate leader.
“We will continue to use of our diplomatic and economic tools to support interim…