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US slaps sanctions on Maduro family, Venezuelan tankers: What we know

US slaps sanctions on Maduro family, Venezuelan tankers: What we know

Summary

The United States has placed new sanctions on people and oil tankers linked to Venezuelan President Nicolas Maduro. This action targets the nephews of Maduro's wife, a Panamanian businessman, and several ships associated with oil transport to Asia. The goal is to cut financial support to Maduro's government, which the U.S. describes as corrupt.

Key Facts

  • The U.S. sanctioned three nephews of Venezuelan President Maduro's wife.
  • Six oil tankers under the Venezuelan flag are included in the sanctions.
  • The sanctions also target a Panamanian businessman, Ramon Carretero.
  • The U.S. aims to limit funding to Maduro, labeling his administration as corrupt.
  • Sanctions mean those targeted cannot use U.S. bank accounts or financial assets.
  • U.S. companies dealing with sanctioned individuals may face penalties.
  • The U.S. had previously seized another oil tanker near Venezuela.
  • This move marks a shift from the previous U.S. administration's approach.
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