"We continue to target companies that transport Venezuelan oil to Cuba, as they are profiting while the Maduro regime pillages natural resources," US Treasury Secretary Steven Mnuchin said in the statement.
"Venezuela's oil belongs to the Venezuelan people and should not be used as a bargaining tool to prop up dictators and prolong oppression." Mnuchin said that since losing popular support, Maduro has been relying on the support of Cuba's military and intelligence services to remain in power.
The sanctions freeze US-based assets of the company and also block them from much of the global financial system.
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