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The US has announced sanctions against the PDVSA

January 28, 2019, 16:41 pm
Updated January 28, 2019 5:52 PM

The US Treasury Department announced sanctions against the Venezuelan PDVSA on Monday afternoon.

The United States has announced that all assets and interests in the PDVSA's property subject to jurisdiction are blocked and, furthermore, US citizens and companies are banned from conducting deals with the Venezuelan state oil company.

The department indicated that stopping the sanctions would be done when Nicholas Maduro transferred control of Juan Guaydo, interim president of Venezuela. "Today's appointment will help to prevent further diversion of Venezuelan assets and their preservation for Venezuelan people. The way to ease sanctions for PDVSA is through the swift transfer of control to the interim president or a later democratically elected government, "the Treasury said on its website.

"The United States is responsible for the tragic decline of Venezuela and will continue to use the full range of diplomatic and economic instruments to support President Juan Guaydo, the National Assembly and the efforts of the Venezuelan people to restore democracy," he said. Steven Munchin, Secretary of the Treasury of the United States.

The department pointed out that PDVSA functions as a "tool of corruption".

"Various schemes are designed to appropriate billions of dollars to PDVSA for the personal benefit of corrupt Venezuelan employees and businessmen. For example, the currency exchange plan in 2014 is intended to appropriate and wash around $ 600 million of PDVSA, money received through bribery and fraud, "the department said.

John Bolton, a White House security advisor, said the measure ensures that Venezuela's assets are not "robbed".

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