U.S. oil industry pushes back against Venezuela sanctions
CARACAS | The Trump administration’s decision on Wednesday to slap sanctions on eight members of Venezuela’s all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for violations of democratic norms since antigovernment protests began in April.
But while the list of targeted individuals grows, the U.S. oil industry is warning a potential ban on petroleum imports from Venezuela would hurt U.S. jobs and drive up gas costs.
The sanctions announced Wednesday focused on current or former Venezuelan government officials accused supporting President Nicolas Maduro’s creation of a special assembly — a move the U.S. says is an attempt by Mr. Maduro to shore up his grip on power.
The newest additions to the Treasury Department’s list announced Wednesday include the older brother of Hugo Chavez, Adan Chavez, who is credited with introducing the late president to Marxism in the 1970s.