"The sanctions come amid President Trump's pressure campaign that critics say is aimed at toppling Venezuelan leader Nicolas Maduro. The United States Department of the Treasury has issued a new round of sanctions aimed at isolating Venezuela's oil industry, as part of President Donald Trump's pressure campaign against the South American country. The sanctions announced on Wednesday target four companies and their associated oil tankers, which are allegedly involved in transporting Venezuelan oil."
"Maduro's regime increasingly depends on a shadow fleet of worldwide vessels to facilitate sanctionable activity, including sanctions evasion, and to generate revenue for its destabilizing operations, the Treasury said on Wednesday. Petroleum is Venezuela's primary export, but the Trump administration has sought to cut the country off from its international markets. Wednesday's notice accuses four tankers the Nord Star, the Rosalind, the Valiant and the Della of helping Venezuela's oil sector to circumvent existing sanctions."
The U.S. Treasury issued new sanctions targeting four companies and associated oil tankers accused of transporting Venezuelan oil to evade existing restrictions. The measures aim to isolate Venezuela's primary export sector and deprive the Maduro regime of revenue. U.S. officials characterize Maduro's government as a narco-terrorist regime and allege it uses a shadow fleet of vessels for sanctionable activity and evasion. The sanctions follow recent U.S. actions against a company tied to assembling Iran-designed drones. The U.S. administration has cited motives including immigration concerns and Maduro's contested 2024 election in escalating pressure.
Read at www.aljazeera.com
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