Home Business U.S. sanctions Venezuela state oil firm PDVSA, escalating pressure on Maduro

U.S. sanctions Venezuela state oil firm PDVSA, escalating pressure on Maduro

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The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down.

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