Alva Review-Courier -

Trump administration imposes sweeping sanctions on Venezuela

 

August 25, 2017



CARACAS, Venezuela (AP) — The Trump administration slapped sweeping financial sanctions on Venezuela on Friday, dramatically ratcheting up tensions between the two countries and making it harder for embattled President Nicolas Maduro to raise badly needed cash to prevent a debt default.

The sanctions, which Trump signed by executive order, prohibit American financial institutions from providing new money to the government or the state oil company, PDVSA. They also restrict the Venezuelan oil giant's U.S. subsidiary, Citgo, from sending dividends back to Venezuela and ban trading in two bo...



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