U.S. Plans to Unveil New Round of Sanctions on Venezuela, Sources Say – More stories by Nick Wadhams August 24, 2017, 9:27 PM PDT


The Trump administration is planning to unveil another round of sanctions on Friday designed to punish the government of Venezuela, according to two people familiar with the matter.

The measures would be the latest in a U.S. campaign to pressure Venezuelan President Nicolas Maduro. The people who described the move did so on condition of anonymity and declined to provide details on the sanctions that would be imposed.

One move that has been under consideration by the U.S. would block trades of Venezuelan-held dollar-denominated notes sold by the government and Petroleos de Venezuela SA, the state-run oil company, according to a third person familiar with the discussions, who also spoke on condition of anonymity.

President Donald Trump’s administration has been escalating sanctions on Venezuelan officials and others connected to Maduro as the socialist government moves to increase its authority amid a crippling recession and months of violent protests. Secretary of State Rex Tillerson has labeled Maduro a dictator for arresting opposition leaders and seeking to revise the constitution.

The measures to be announced on Friday would come days after Vice President Mike Pence met with Venezuelan exiles in Florida.

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