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Trump hits Venezuela with sanctions on his way out

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Posted: Wednesday, January 20, 2021. 10:04 am CST.

By BBN Staff: Among his last acts as President of the United States, Donald Trump issued a number of sanctions this week, targeting individuals and businesses that are accused of assisting the Government of Venezuela to earn money from the sale of oil.

Trump, who hands over the Presidency to President-elect Joe Biden, this afternoon, issued the sanctions on Tuesday, which affect three individuals, 14 business entities, and six ships. The US. Treasury Department, responsible for imposing the sanctions, accuse those affected by the sanctions of helping the state-owned oil company Petróleos de Venezuela (PDVSA) to avoid earlier US sanctions set to keep the Maduro government from making any money from selling oil.

According to the Associated Press, the primary figures targeted by the sanctions are Alessandro Bazzoni, Francisco Javier D’Agostino Casado, Philipp Paul Vartan Apikian, Elemento Ltd., and Swissoil Trading SA.

The sanctions by the U.S. Treasury’s Department’s Office of Foreign Assets Control, block any assets that targeted individuals and businesses have in U.S. jurisdictions and bar Americans from conducting financial transactions with them. 

The parting shot comes after years of the Trump administration trying unsuccessfully to topple Maduro’s regime, blaming the President for the economic and social collapse being experienced in Venezuela.

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