
© REUTERS/Al DragoU.S. President Donald Trump and First Lady Melania Trump board Air Force One as they depart Washington for India from Joint Base Andrews in Maryland, U.S., February 23, 2020.
U.S. President Donald Trump has decided to step up a sanctions campaign on Venezuela's oil sector and will be more aggressive in punishing people and companies that violate it, the top U.S. envoy to the Latin American country said on Monday.
Venezuela's socialist President Nicolas Maduro remains in power a year after Washington recognized opposition leader Juan Guaido as the legitimate president, and has worked to push Maduro out. Maduro has retained the support of Russia and China.
The United States imposed sanctions to choke off Venezuela's oil exports in the aftermath of Maduro's 2018 re-election, which was widely described as fraudulent. But customers in China, India and elsewhere continued importing, so Venezuelan state-oil company PDVSA's exports only fell by about a third.
Washington had not followed through on threats to extend the sanctions on any foreign company doing business with PDVSA - until last week, when it blacklisted Rosneft Trading, a subsidiary of Russian energy giant Rosneft, to pressure Moscow.
U.S. Special Representative for Venezuela Elliott Abrams told Reuters in an interview that there will be more sanctions as Washington plans to go after continued customers of Venezuelan oil, including those in Asia, and target intermediaries helping Caracas hide the origin of its oil.
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