US goes after Venezuela's oil to hit Maduro

The United States announced sanctions against Venezuela's state oil company Monday in a coordinated effort with the main opposition leader to cripple embattled President Nicolas Maduro's power base. The measures against state-owned PDVSA were presented as a way of preventing the leftist strongman from looting the coffers in his economically ruined country before he is replaced by the man Washington says is the rightful interim president -- opposition leader Juan Guaido. "The purpose of sanctions is to change behavior," Treasury Secretary Steven Mnuchin told reporters at the White House.

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