US: As tensions grow, the increases penalties on Venezuelan oil companies
US: The Trump administration announced in a statement on Wednesday (local time) that the United States (US) has chosen to impose sanctions on Venezuela in an effort to isolate its oil industry. According to an official statement, four businesses and their oil tankers are the targets of the sanctions since they are alleged to have transported Venezuelan oil.Secretary of the Treasury Scott Bessent said in a statement that President Trump has made it clear: “We will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs.” “The Treasury Department will continue to implement President Trump’s campaign of pressure on Maduro’s regime.”
The administration of Venezuelan President Nicolas Maduro has been accused by President Donald Trump of being a “nacro-terrorist” that is attempting to destabilize the United States. According to the Trump administration, Maduro and his government are receiving financial support from the ships, which are purportedly transporting Venezuelan oil.In order to support sanctionable activities, including sanctions evasion, and to raise money for its destabilizing operations, Maduro’s administration is becoming more and more dependent on a shadow fleet of international ships. “Today’s action further indicates that there are still serious sanctions risks for those involved in the Venezuelan oil trade,” the announcement said.
Maduro should give up power: Trump claims that Maduro’s dictatorship is doing “terrible things” to the United States and calls on Maduro to give up power. The 79-year-old Republican leader reportedly offered Maduro an ultimatum to step down last month, however Venezuelan officials refuted the accusations.In my opinion, it most likely would,” Trump had said. “I’m not sure. What he wants to do is up to him. I believe that would be a wise move on his part. We’re going to find out again.”Millions and hundreds of thousands of individuals have crossed our open border. More than any other nation, they brought their drug dealers, criminals, inmates, and mentally ill and incompetent individuals into our nation,” he said.
Maduro said at a meeting in Caracas last year that his government just wants peace—not a “slave’s peace”—as tensions between the two nations increase. “We want peace, but freedom, equality, and sovereignty must coexist! He had said, “We do not want a slave’s peace or the peace of colonies.”