U.S. sanctions Venezuelan state oil firm, escalating pressure on Maduro

The sanctions ratchet up pressure against Maduro to step aside and turn over power to Juan Guaido, the Venezuelan opposition leader who proclaimed himself interim president last week and was immediately recognized by the United States and a host of other countries. "We have continued to expose the corruption of Maduro and his cronies and today's action ensures they can no longer loot the assets of the Venezuelan people," U.S. national security adviser John Bolton told reporters at a White House briefing.

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