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[size=36]Entry into force of the US ban on Venezuelan oil[/size]
Economy | 08:53 - 28/04/2019
BAGHDAD (Reuters) -
The US ban on Venezuelan oil came into force on Sunday in an effort to topple President Nicolas Maduro by targeting the country's economic lifeline.
The ban came into effect at 4:01 GMT, and every US company is barred from buying oil from Venezuela's national oil company or one of its affiliates, according to the US channel Al Hurra.
The ban also prohibits any foreign entity from using the American banking system to supply black Venezuelan gold.
US Vice President Mike Bens said the United States would impose sanctions on 34 ships operated or owned by Venezuela's state-owned Petroleos de Venezuela in a new blow to the government.
He added in Houston that the United States would also impose sanctions on two other companies transporting Venezuelan oil to Cuba.
US National Security Adviser John Bolton said in a briefing on Jan. 28: "We will announce the sanctions, including against the Venezuelan government Petroleos de Venezuela."
Bolton pointed out that today will be a ban on assets of $ 7 billion, as well as losses of $ 11 billion from the supply of oil in the future. "
In turn, the US Treasury announced that the United States banned all assets and interests of the oil company of the Venezuelan government and placed under its jurisdiction, As well as preventing them from dealing with them
The US ban on Venezuelan oil came into force on Sunday in an effort to topple President Nicolas Maduro by targeting the country's economic lifeline.
The ban came into effect at 4:01 GMT, and every US company is barred from buying oil from Venezuela's national oil company or one of its affiliates, according to the US channel Al Hurra.
The ban also prohibits any foreign entity from using the American banking system to supply black Venezuelan gold.
US Vice President Mike Bens said the United States would impose sanctions on 34 ships operated or owned by Venezuela's state-owned Petroleos de Venezuela in a new blow to the government.
He added in Houston that the United States would also impose sanctions on two other companies transporting Venezuelan oil to Cuba.
US National Security Adviser John Bolton said in a briefing on Jan. 28: "We will announce the sanctions, including against the Venezuelan government Petroleos de Venezuela."
Bolton pointed out that today will be a ban on assets of $ 7 billion, as well as losses of $ 11 billion from the supply of oil in the future. "
In turn, the US Treasury announced that the United States banned all assets and interests of the oil company of the Venezuelan government and placed under its jurisdiction, As well as preventing them from dealing with them
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