Exclusive: U.S. orders foreign firms to further cut down on oil trades with Venezuela

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Exclusive: U.S. orders foreign firms to further cut down on oil trades with Venezuela
France Dernières Nouvelles,France Actualités
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The United States has instructed oil trading houses and refiners around the worl...

LONDON - The United States has instructed oil trading houses and refiners around the world to further cut dealings with Venezuela or face sanctions themselves, even if the trades are not prohibited by published U.S. sanctions, three sources familiar with the matter said.

The U.S. imposed fresh sanctions on Venezuela’s oil industry earlier this year but some companies have continued to supply the country with fuel from India, Russia and Europe. But as recently as this week, the U.S. State department has called up foreign firms to say that the scope of the sanctions is wider.

Washington has been using its oil clout more and more. At a major oil event in Houston this month, U.S. Secretary of State Mike Pompeo made a rare appearance and laid out a vision of working with energy firms to isolate Iran and Venezuela. In an escalation of tensions, U.S. President Donald Trump called on Moscow to remove all its soldiers from Venezuela after a Russian military contingent arrived just outside of Caracas, saying “all options” were open to make that happen.

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