US ‘drills’ Venezuela’s ‘corrupt oil firm with sanctions

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President Trump’s National Security Advisor John Bolton announced that the administration had approved sanctions against Venezuela’s state-run oil company, PDVSA.

According to the BBC, the sanctions would block all of PDVSA’s interests “subject to US jurisdiction, and prohibits any US citizen from having any financial dealing with the firm.

Many lawmakers are applauding the administration’s move against Venezuela’s oil lifeline, which is heavily reliant on US consumption.

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