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Vice President Mike Pence on Friday said the U.S. will sanction dozens of ships tied to Venezuela’s state-owned oil and gas company, as the White House ramps up financial pressure on President Nicolas Maduro.
It is also sanctioning a pair of companies that transport Venezuelan crude oil to Cuba.
The article goes on to state the following:
“Venezuela’s oil belongs to the Venezuelan people,” Mr. Pence said at Rice University’s Baker Institute for Public Policy.
The sanctions will be levied against 34 vessels that operate under Petróleos de Venezuela, S.A. — known as PDVSA. PDVSA is a “vital source” of the Maduro regime’s wealth, Mr. Pence said.
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