U.S. hits Venezuelan President Nicolas Maduro with sanctions

Nicolas Maduro, Venezuela's president
Nicolas Maduro, Venezuela’s president

The Trump administration has hit Venezuelan President Nicolas Maduro with financial sanctions.

The move comes after Venezuela held a weekend election that will give Maduro’s ruling party virtually unlimited power in the South American country.

The Treasury Department’s Office of Foreign Assets Control announced the sanctions against Maduro in a brief statement on Monday, a day after the Venezuelan vote to elect a constituent assembly that will rewrite the constitution. A longer explanation from the White House was also expected.

The administration imposed sanctions on more than a dozen senior current and former Venezuelan officials last week, warning the socialist government that new penalties would come if Maduro went ahead with Sunday’s election for the assembly.




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