US oil sanctions take effect on Venezuela as crisis intensifies

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Julien MIVIELLE | AFP
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1556424071094200100
Sun, 2019-04-28 03:54

WASHINGTON: US sanctions came into effect Sunday to block Venezuela’s economic lifeline of oil exports, in what Washington hopes will be a major blow in its fledgling campaign to topple leftist President Nicolas Maduro.
As of 12:01 am Washington time (0401 GMT), the United States will take action against anyone who deals with state-owned Petroleos de Venezuela, or PDVSA, or any entity in which the company holds at least a 50 percent stake.

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