U.S. imposes sanctions on Venezuela state-run mining company

Whatapp News

Washington – The United States on Tuesday imposed sanctions against Venezuela’s state-run mining company Minerven and its president.

It deliberately imposed the sanction on Adrian Perdomo, in a bid to further cut off funding to the government of Venezuelan President Nicolas Maduro.

The announcement came days after Uganda said it was investigating its biggest gold refinery for importing Venezuelan gold.

Washington has warned gold traders not to deal in Venezuelan gold or oil.

“The illegitimate Maduro regime is pillaging the wealth of Venezuela while imperiling indigenous people by encroaching on protected areas and causing deforestation and habitat loss,” U.S. Treasury Secretary Steven Mnuchin said.

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Venezuela’s opposition leader Juan Guaido said Maduro’s re-election was not legitimate, has sought to prevent the gold sales, arguing that Maduro used the proceeds to try to stay solvent.

Maduro is under intense pressure to step down, with Venezuela in a deep economic crisis and the government facing widespread international condemnation for an election in 2018 that has been seen as fraudulent.

Most Western countries have backed Guaido as Venezuela’s head of state. (Reuters/NAN)

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