Economics
U.S. Treasury Sanctions Venezuela Oil Chief Quevedo, Four Others
- Role in human rights abuses cited in sanctions statement
- U.S. continuing to raise pressure on Maduro’s regime
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The U.S. Treasury Department sanctioned Venezuelan Oil Minister Manuel Quevedo, who also serves as the head of its state-owned oil giant, PDVSA, and four other officials for their ties to President Nicolas Maduro.
Quevedo was sanctioned for his role with PDVSA, which is the Maduro regime’s primary source of income. Treasury also sanctioned officials leading Venezuela’s intelligence and security service for using torture and other methods to “systematically” violate human rights.