Economics
U.S. Weighs New PDVSA Sanctions as Next Step Against Maduro
- Trump administration braces for possible Citgo bankruptcy
- Citgo has hired American law firm as it considers its options
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The Trump administration is considering blocking foreign entities from dealing with Venezuela’s state oil giant Petroleos de Venezuela SA as a possible next step as it seeks to choke off President Nicolas Maduro’s power.
The move is one of several options the administration is considering to help the country through a “major” political transition, according to Representative Michael McCaul of Texas, the top Republican on the House Foreign Affairs Committee, and two people familiar with the matter.