US targets Venezuela oil company chief, others with sanctions

Published 01/10/2025, 10:33 AM
Updated 01/10/2025, 10:37 AM
© Reuters. FILE PHOTO: President of the Venezuelan state oil company PDVSA Hector Obregon attends a press conference held by Venezuela's Vice-President and Oil Minister Delcy Rodriguez at the Miraflores Palace, in Caracas, Venezuela November 18, 2024. REUTERS/Leonar

© Reuters. FILE PHOTO: President of the Venezuelan state oil company PDVSA Hector Obregon attends a press conference held by Venezuela's Vice-President and Oil Minister Delcy Rodriguez at the Miraflores Palace, in Caracas, Venezuela November 18, 2024. REUTERS/Leonardo Fernandez Viloria/File Photo

(Reuters) - The United States issued new Venezuela-related sanctions on Friday, including measures targeting state oil company PDVSA chief Hector Obregon, according to a notice on the Treasury Department's website.

President Nicolas Maduro and his government have always rejected sanctions by the United States and others, saying they are illegitimate measures that amount to an “economic war” designed to cripple Venezuela.

Maduro and his allies have cheered what they say is the country’s resilience despite the measures, though they have historically blamed some economic hardships and shortages on sanctions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.