U.S. Sanctions Venezuelan Gold Company for Supporting Maduro

The U.S. Treasury on Tuesday imposed sanctions on Venezuela’s Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.

Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. The company’s property and assets in the U.S. are blocked and all U.S. citizens are barred from dealing with them. Anyone doing business with them could also face U.S. actions.