Trump warns of more U.S. sanctions on Venezuelan oil sector

NEW DELHI (HRNW) – The United States is preparing to impose more sanctions on Venezuela’s oil sector, President Donald Trump said on Tuesday, in an attempt to choke financing to President Nicolas Maduro’s government.

“You will be seeing something on that in the not too distant future,” Trump told a news conference in Delhi when asked if Washington would impose more sanctions on Venezuela or on Indian firms that buy Venezuelan oil from third parties after imposing sanctions on a trading unit of Russian oil giant Rosneft.

“There could be very serious sanctions,” he said without giving details. “You are going to see in a little while. You are asking a question right in the middle of us doing something.”

The United States imposed sanctions last week on Rosneft Trading SA as it emerged as a key intermediary for the sale of Venezuelan oil.

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