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More US oil sanctions to come for Venezuela before elections

Venezuelan President Nicolas Maduro Venezuelan President Nicolas Maduro
Bloomberg is reporting that U.S. oil sanctions on Venezuela are due to expand before a critical vote in the Latin American country in April. 
 
An anonymous official from the U.S. State Department said no decision had been made regarding the upcoming round of punitive measures against President Nicolas Maduro's regime.
 
However, officials are reportedly weighing the effects of the proposed measures on Caracas and ordinary people.
 
The source said the White House favours swift sanctions, regardless of the election schedule.
 
One proposed measure would target oil sales further, and another would take financial sanctions on the fossil fuel sector even further.
  • Countries: Latin America

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