The administration of US President Donald Trump has slapped more sanctions against a number of Venezuelan companies and officials, accusing them of trafficking narcotics.
The new bans target a total of 20 companies — 16 of them based in Venezuela, and four operating from Panama — as well as three Venezuelan nationals, US Treasury Secretary Steven Mnuchin said Monday.
“We will deny corrupt Venezuelan regime officials access to the US financial system as we work with international partners to support the Venezuelan people in restoration of democracy and a return to prosperity,” said Mnuchin, as he announced the measures.
Mnuchin accused Luis Martin Olivares, former chief of financial intelligence for Venezuela’s National Directorate of Intelligence, of being a “significant foreign narcotics trafficker” and said the sanctions specifically targeted him.
Washington claims Martin helped move cocaine and other drugs through Venezuela by paying…