The U.S. will place sanctions on Venezuela's state-owned oil company, and says the actions will block $7 billion in assets and halt oil payments to President Maduro
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The Latest: Rubio says US to sanction Venezuela's oil coCARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 4:30 p.m. Sen. Marco Rubio says the U.S. will hit Venezuela's state-owned oil company with sanctions aimed at increasing pressure on President Nicolas Maduro to step down from office. The Florida Republican and two people briefed on the administration's plans say Treasury will impose penalties as early as Monday on the company known by its acronym PDVSA. The sanctions will include a freeze on any assets the firm may have in U.S. jurisdictions and bar Americans from doing business with it. The two people briefed on the sanctions were not authorized to discuss the matter publicly and spoke on condition of anonymity. Rubio praised the Trump administration for taking the action, which follows its earlier decision to recognized opposition leader Juan Guaido as the interim president. — Matthew Lee in Washington.
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