U.S. oil in­dus­try pushes back against Venezuela sanc­tions

The Washington Times Daily - - WORLD -

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.

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