The South American country of Venezuela has been plunged into an economic and political crisis of late. While President Nicolás Maduro is technically still in…
The South American country of Venezuela has been plunged into an economic and political crisis of late. While President Nicolás Maduro is technically still in office, the past week has seen more than 20 countries around the world acknowledge the opposition leader Juan Guaidó as interim president, including the United States.
Now the American government seems to be taking further action against Venezuela. Senator Marco Rubio has stated that the Trump administration is poised to impose sanctions on a big government-owned oil company, according to the Associated Press.
President Donald Trump’s administration has been hesitant to impost these sanctions in the past due to the fear that it would send fuel prices through the roof in the U. S. Rubio has explained the reason the administration has decided to play this card is to put pressure on Maduro to officially step down from his post, and transfer power over the oil reserves to his opposition.
